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MLS: 646110
Asking Price: $1,600,000 Fee Simple
Sold Price: $1,580,000
Sold Date: 12/21/2021
Type: Commercial
District: Lihue
Street: 3490 Paena Lp
Neighborhood: Kalapaki
Baths: 2 Land Area: 5,557 SF
Days on Market: 528
Year Built: 1948
Zoning: C-G
Roads: County,Paved
Property Taxes: $6,232
Assessed Value: $769,400
Assessed Ratio: 207.95%
Listing Courtesy: Island Business & Commercial Brokerage
Terms Acceptable: 1031 Exchange,Agreement of Sale,Cash
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Nawiliwili Tavern

Redevelopment opportunity. Located 150 yards from Nawiliwili Beach (as the seagull flies), this two story building can be redeveloped into a combination restaurant/bar plus a 6 unit hotel or possibly into an ocean view residence and restaurant/bar. Currently used as a "historic tavern". The lease rent is $8,000 per month and is on a month-to-month basis. There is no written lease, just a verbal agreement. Special Use permit as a hotel for the second floor only is approved. Proposed second floor additional build-out is attached.

Ground floor: 2,684 sq.ft. while the second floor is 1,630 sq.ft. with an adjoining 265 sq.ft. lanai.

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