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SOLD
MLS: 626435
 
Asking Price: $459,000 Leasehold
Sold Price: $375,000
Sold Date: 08/12/2019
Type: Business
District: South Kona
Street: 84-4811 Hawaii Belt Rd
Neighborhood: Keokea
Full / 1 Half
Living Area: 2,215 SF
Style: Business
Land Area: 3.6 Acres
Parking: Other (remarks)
Days on Market: 1877
Year Built: 1943
Easements: Driveway
Zoning: A-5A
Roads: Paved,State
Land Recorded: Regular
Property Taxes: $1,305
Assessed Value: $136,800
Assessed Ratio: 335.53%
Listing Courtesy:
Terms Acceptable: 1031 Exchange,Cash
Google Map   County Records
 
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Profitable Business- -Fuel, Store & Farm with Highway Frontage in Sth Kona.

For over 75 years this landmark location has served both the local community and an ever increasing traffic flow of island residents and visitors. Ideally located in a lush and picturesque area of the South Kona District just on the south side of the junction of Place of Refuge Road and Mamalahoa Hwy., D&E Fuel Good Stop fronts the highway on the ocean side.
In addition to two new gas pumps and designated parking, DE Fuel Good Stop has a store building of approximately 940 sq ft from which takeaway food, drinks and treats are on display. An attached two story 3 bedroom two bath dwelling is situated at the back of the store while a detached 2 story storage building with a loading dock (previously a poi factory) is situated close by on the northern side. There is also a standalone Ice House and a Wash House with two shower stalls.
All up the land area of this property is 3.6 acres. The lower half of this land area is planted with productive Apple bananas some of which are sold in the Store. On the northern side of the Store is a park-like area of approximately half an acre that would be perfect for a nursery or a small orchard of fruit trees.
This is a rare and profitable offering in one of the most picturesque areas of the Big Island. Within three miles is historic Place of Refuge and popular Two Step Beach while another three miles north is Keei Beach surf break and historic Kealakekua Bay.
This is a leasehold property with a little less than 19.5 years of remaining lease term. The current annual lease payments are:-
Farm:- $534.80
Business:- $10,800.00
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Total:- $11,334.80 GET
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Seller may entertain Seller Financing with a cash down payment of $250,000 with the balance plus interest repaid inside of 6 years. P&L statements and other financial information are available for review only with a signed Non Disclosure Agreement.


 
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