$998,000

19-3834 Old Volcano Rd

VOLCANO HI, 96785

Description

Volcano Garden Arts, established in 2001, has become a cornerstone of Volcano Village. Volcano is a gateway community for Hawaii Volcanoes National Park, a World Heritage Site, with over a million visitors a year (pre-COVID). In addition to hosting tourists who visit the National Park, Volcano is home to park employees, local artists, retirees and professionals who work from home or in Hilo. All love the cool climate and sense of community found here.

Originally developed as a summer home for the William L. Hopper family of Honolulu between 1908 & 1927, all buildings have undergone extensive renovation. A Certified Kitchen was added to the main building, a former servants quarters expanded and updated as a Guest Cottage, 3 large greenhouses installed for Event Venues and an Artist Studio/Office was custom designed to replace an old garage.

In addition, a Special Use Permit was obtained to allow use of the Ag Zoned property for a restaurant, retail sales, rental cottages and special events such as weddings. This permit runs with the land and is transferable to the Buyer. With only half the 2.71 acres currently in use, there is potential for future expansion or diversification.

Potential Development Opportunities:


*Restore 3 bedroom/2 bath home for residential use
*Expand Restaurant hours and menu with intimate dining spaces throughout Art Gallery.
*Expand gift shop offerings.
*Expand and upgrade Event venues.
*Add more Guest Cottages.
*Build a personal residence or artist retreat at back of property.

Buyer and agent should check with County on future possibilities. The property and business are being sold together with fixtures, furnishings, landscaping and yard sculptures. Of special value is name recognition, owner's reputation and goodwill generated in the local community and abroad through his website: www.volcanogardenarts.com.

Details

MLS#644017
Listing TypeFor Sale
StyleHouse
Sub-TypeFee Simple
StatusActive
Year1927
Days On Site49

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,836
Acreage2.71
Property ViewYes

Market Activity 96785

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Area Information
StateHI
CityVOLCANO
Zip Code96785
AreaBig Island
Community NameOLAA SUMMER LOTS
Listing VS Median (in OLAA SUMMER LOTS)
Price:
$998,000
low | high
Med:
$255,000
100% of Average
SqFt:
1,836
low | high
Med:
831
100% of Average
$ / SqFt:
$544
low | high
Med:
$307
93.547745310115% of Average
On Site:
49
low | high
Med:
51
96.078431372549% of Average
Listing Updated: January 14, 2021 8:34:57 PM PST
Pat Halpern LogoMLS Number: 644017
Listing Provided By:
Pat Halpern  of  Venture Sothebys International Realty

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