$315,000
$350,000
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0.5 Baths
992 SqFt
SOLD DATE : 02/03/2022
Key Details
Sold Price $315,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 992 sqft
Price per Sqft $317
Subdivision Tobacco Road
MLS Listing ID 640600
Sold Date 02/03/22
Half Baths 1
Year Built 1951
Annual Tax Amount $2,420
Lot Size 6.160 Acres
Property Description
This is a Kamehameha Schools Bishop Estates Leasehold property on 6.2 acres. Formerly the Kona Coffeehouse and Café and originally the Morihara Store, located in the world famous Kona Coffee Belt, across from the Honaunau Post Office and the road to Pu'uhonua O Honaunau. (Pre-Covid19), The National Historical Park, The City of Refuge would attract at least 400,000 visitors annually. Patrons were a balanced mix of locals and tourists, as it is en route to the southern part of the Big Island, Volcano, etc.
A lot of work, effort and expense went into the development of this restaurant:
* Completely overhauled building
* Fully permitted commercial kitchen
* All new electric and plumbing
* New septic system with dry wells
* Leased 55 panel PV solar system
* Impressive rock wall surrounding the parking area
This KSBE Leasehold property is 6.2 acres. Along with the restaurant, it is a producing coffee, macadamia and fruit farm which has been worked for over 100 years. Approximately 3 acres are mature macadamia and 3 acres are in coffee. There are several spots that offer spectacular ocean views. Sharwil avocados, tasty varieties of mango, huge lychee trees, bananas, oranges and pineapple are among the abundance of delicious fruit growing on this lush property.
The building and farm offers an excellent opportunity for the Restaurateur or business looking for a high traffic, high visibility location with little competition. Culturally and agriculturally rich, Honaunau is a special and diverse community.
Location
State HI
Area South Kona
Zoning A-5A
Interior
Heating None
Cooling None
Flooring Concrete
Exterior
Fence Rock/Stone
Pool No
View Ocean, Ocean Horizon, Sunset
Building
Lot Description Corner
Sewer Septic
Water County, Municipal
Others
Acceptable Financing 1031 Exchange, Cash, PMM
Listing Terms 1031 Exchange, Cash, PMM
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