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MLS: 631920 (Active - For Sale)
 
Asking Price: $350,000 Leasehold
Type: Business
District: South Kona
Street: 84-4830 Hawaii Belt Rd
Neighborhood: Tobacco Road
Full / 1 Half
Living Area: 992 SF
Style: Business
Land Area: 6.16 Acres
Parking: Other (remarks),Unassigned
Amenities: ADA Accessible,ADA Compliant,Built-in-Book Shelves,Exterior Lighting,Floor Drain,Freezer Room,High Traffic,Landscaped,Storage Area,Smoke/Heat Detector
Days on Market: 46
(The Price of the property was lowered by $25,000 on 10/17/2019)
Year Built: 1951
Zoning: A-5A
Roads: Paved,State
Land Recorded: Regular
Property Taxes: $2,691,.04
Assessed Value: $257,000
Assessed Ratio: 136.19%
Listing Courtesy: Sue Brown Realty and Associates
Terms Acceptable: 1031 Exchange,Cash,PMM
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Kona Coffeehouse & Cafe with Ideal Location with Heavy Through Traffic.

Kona Coffeehouse/Cafe and farm are located in a very picturesque and lush area noted for the production of high quality coffee, macadamia and a wide range of tropical fruit. Ideally positioned at an elevation of approximately 1,000\' at the junction of Hawaii Belt Road, (the only road that serves the South end of the island and continues on through Volcano and Hilo) and Keala O Keawe (Place of Refuge Road), the Kona Coffeehouse & Cafe is perfectly positioned to take advantage of a consistent year round traffic flow and very little local commercial competition.

The restaurant building received final approval from the County of Hawaii in June 2010 after being built on the site previously occupied by a landmark general store.

Notable features of the restaurant and surrounds include:

* The interior area of the restaurant is 992 sq ft while there is a covered exterior sitting area of 432 sq ft.
* Fully permitted commercial kitchen.
* Septic system.
* A leased 55 panel photovoltaic system.
* Solar hot water system.
* Engineered and county approved parking area complete with dry wells and impressive rock retaining wall.

This is a Kamehameha Schools/Bishop Estate (KSBE) leasehold property that totals 6.2 acres in area. The farm area is comprised of approximately 3 acres of mature and productive macadamia trees while the remainder is coffee and assorted fruit trees.

The current annual KSBE lease payments are:-
Restaurant——$8,400
Farm————— $ 859.50
Total————— $9,259.50 GET

This offering provides a very rare opportunity for a motivated individual or family. Seller will consider offering short term Seller Financing with a substantial down payment.


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1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
13430203/29/200408/06/2004$150,000$135,000

 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2014 by Hawaii Information Systems.
 
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