$903,230
$916,820
1.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,457 SqFt
SOLD DATE : 11/25/2022
Key Details
Sold Price $903,230
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,457 sqft
Price per Sqft $619
Subdivision Honaunau Subdivision
MLS Listing ID 624790
Sold Date 11/25/22
Bedrooms 4
Full Baths 2
Year Built 1991
Annual Tax Amount $993
Lot Size 8.280 Acres
Property Description
This is a Leasehold Property.
Langenstein Farms is located in the picturesque Honaunau area, long regarded as one of the prime regions for top quality coffee production thanks to a favorable rainfall regime with well drained & a nutrient rich growing medium. Langenstein Farms has four separate farming units totaling 45.3 acres with an estimated total number of 32,000 highly productive coffee trees. For ease of management & economies of scale, all are located within a 3 mile radius and within an elevation range of approximately 1050' to 2,000'.
In addition to the farming operation, Langenstein Farms has a coffee processing facility located at Farm #1 (8.28 acres) that has frontage to the Hawaii Belt Road. This facility has more than sufficient capacity to process all of the farms production. In addition there are two homes on this property.
Notable features of the farms:-
* Farms 2, 3 & 4 totaling 37 acres are located on Bruner Road.
* Farms 2, 3 & 4 were developed and planted at a tree spacing that allows for some mechanical operations.
* Farm 3 is fully fenced while Farm #2 is fenced on three sides.
* Each farm is served by a well defined infield road system.
* Farms 2 & 3 have storage buildings.
* Farm equipment included in the sale—tractor, mower, sprayer, ATV, farm pick-up etc.
Notable features of the processing facility:-
* 4,000lb/hour pulper, demucilager & destoner.
* 3 drying decks totaling 3,150 sq ft.
* 2 propane dryers (Kona & Bendig) with a capacity to handle 66 bags per drying cycle.
* 10 lb capacity Ashe roaster.
* Owned 14 panel net metered PV system.
Notable residential features of the main house:-
* 2 bedrooms & one bath Lindal home.
* A covered & open lanai.
* Expansive rural, coastline and ocean views including Kealakekua & Honaunau Bays.
Second home:-
* 2 bedrooms & one bath currently used as worker's quarters.
Other:-
All of the farming units are KSBE leasehold land
Location
State HI
Area South Kona
Zoning A-5A
Interior
Heating None
Cooling None
Flooring Carpet, Hardwood, Laminate
Exterior
Garage None
Fence Rock/Stone, Wire
Pool No
Waterfront N
View Bay, Coastline, Garden, Mountain, Ocean, Ocean Horizon, Sunset
Building
Lot Description Inside
Sewer Cesspool
Water Municipal, Meter Installed
Schools
Elementary Schools Honaunau, Konawaena, Palamanui
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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