$950,000

83-5799 Hawaii Belt Rd

CAPTAIN COOK HI, 96704

Description

This is a leasehold property. This property is 2.47 acres, located on Hawaii Belt Road, one mile south of the Captain Cook Post Office.
The spectacular ocean view overlooks Kealakekua Bay, Honaunau Valley, and 26 miles of the gorgeous Kona coastline.
6,000 sq.ft. of the land is classed as commercial.
The remaining 2.33 acres are zoned agricultural, and include 1.25 acres of Kona coffee trees, plus Avocado, Mango, Papaya, Banana & Orange trees, Guava, Lilikoi, and more.
There are 2 buildings on the property.
The residence is 3,000 sq.ft., with 5 bedrooms, 3 full & one 1/4 bath, a two car carport, and an 1,100 sq.ft. lanai, with one of the worlds greatest views from a hot tub.
The residence has been approved by Hawaii County and Kamehameha Schools for use as a vacation rental. STVR permit # 19-365130.
The 2,700 sq.ft. commercial building is located right off the highway on the property's 6,000 sq.ft. commercial site, and is home for The Coffee Shack restaurant
The commercial building also has a 400 sq.ft. office on the lower level, and a one bedroom apartment.
The Coffee Shack, Ltd currently subleases the commercial site for $4,600/month. The Coffee Shack restaurant business is also for sale.
The land is leased from Kamehameha Schools. There are 32 years remaining on the current lease.
Kamehameha Schools is a private charitable educational trust endowed by the will of Hawaiian princess Bernice Pauahi Bishop. Kamehameha Schools / Bishop Estate is the largest private landowner in Hawaii. Leases from Kamehameha Schools are typically a less expensive way to own property in Hawaii.

Details

MLS#640811
Listing TypeFor Sale
StyleHouse
Sub-TypeLeasehold
StatusActive
Year1987
Days On Site122

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet3,000
Car PortYes
Acreage2.47
Property ViewYes

Market Activity 96704

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Area Information
StateHI
CityCAPTAIN COOK
Zip Code96704
AreaBig Island
Community NameKAHAULOA 2ND
Listing VS Median (in KAHAULOA 2ND)
Price:
$950,000
low | high
Med:
$849,500
60.578947368421% of Average
SqFt:
3,000
low | high
Med:
2,573
64.233333333333% of Average
$ / SqFt:
$317
low | high
Med:
$333
44.891352332369% of Average
On Site:
122
low | high
Med:
82
100% of Average
Listing Updated: November 25, 2020 8:33:25 PM PST
Harry Pritikin R(BIC) LogoMLS Number: 640811
Listing Provided By:
Harry Pritikin R(BIC)  of  Koa Realty Inc.

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