Hanalei Home Sold: 5-5190 Kuhio Highway, Hanalei, on Kauai

SOLD
MLS: 621438

Building: Ching Young Village #
Asking Price: $110,000 Fee Simple
Sold Price: $100,000
Sold Date: 01/28/2019
Type: Business
District: Hanalei
Street: 5-5190 Kuhio Highway
Neighborhood: Hanalei
Style: Business
Land Area: 2.49 Acres
Parking: Unassigned
Days on Market: 2050
(The Price of the property was lowered by $240,000 on 01/23/2019)
Year Built: 1982
Zoning: C-G
Property Taxes: $
Assessed Value: $7,671,400
Assessed Ratio: 1.43%
Listing Courtesy: Na Pali Properties, Inc.
Terms Acceptable: Cash,Conventional

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Established and successful restaurant

Banandi Ice Cream and Coffee Shop -
Anxious seller means great opportunity for the buyer. This property includes assumption of the lease, purchase of the existing business with all improvements. Established and successful restaurant in Ching Young Village Shopping Center - in the Heart of Hanalei. This turn key business is ready for anyone yearning to be part of the Hanalei community. The business has dual access from the middle of the shopping center and from the adjacent parking lot - with signage visible from Kuhio Highway. Lease renegotiates in five year increments - next renegotiation is 12/31/19. Buyer can modify use of the space, subject to review and agreement by Shopping Center Management.

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