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SOLD
MLS: 154309
 
Asking Price: $450,000 Fee Simple
Sold Price: $325,000
Sold Date: 12/20/2005
Type: Residential
District: Puna
Street: 16-1891 37th Ave
Neighborhood: Orchid Land Estates
Beds: 2   Baths: 1
Living Area: 1,152 SF
Land Area: 4 Acres
Parking: Carport
Days on Market: 6945
Year Built: 1984
Easements: Yes
Zoning: A-1A
Roads: Graded,Private
Land Recorded: Land Court
Property Taxes: $703
Assessed Value: $
Listing Courtesy: Orchid Isle Properties, Inc.
Terms Acceptable: Cash,Conventional
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Private setting with 4 acre farm ready-to-go! Looking for a unique opportunity? This may be it. The current residence is configured with additional living area below (1Br/1Ba) and 800 square feet of living area upstairs. The upstairs opens onto an oversized lanai which sits snuggly in its own Ohia Oasis. There\'s even a separate gazebo (with spa), which is substantial enough to house a small gathering or may be used as a band-stand for a party on the expanisve back lawn area. Resisdence generates income of $1250/mo. With almost 1.5 acres of raised bed greenhouses and largest (one of only 3) certified plant quarantine stations in the State and approximately 123,000 gallons of water storage, the elevation is perfect for growing premium Cattleyas. The opportunity to expand current production is tremendous. The property includes a 30x50 warehouse with office and mezzanine storage. The grounds are tastefully landscaped with good interior roads and officespaces. Orchid production is impressive (grossed over $145,000 FY/04) even though Seller is pursuing other ventures. Current staff is strong, requires minimum supervision and owner recommends keeping them in place. Includes current production (whatever is there at closing), equipment, tradename (Hawaii Orchids and Hawaiiorchids.com), customer list, stud inventory, approximately Cattleya orchids (premier high end orchids) as well as normal stock. DSL is available. This sale represents over 20 years of hard work. This is probably the most substantial orchid farm or the market at this time. The hard part is done, the rest is up to you!
(NOTE: Sale includes 2 two acre parcels)


 
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