Island of Hawaii > South Kona > 83-5799 HAWAII BELT RD, CAPTAIN COOK 96704

83-5799 HAWAII BELT RD, CAPTAIN COOK 96704

South Kona | KAHAULOA 2ND
$950,000 LH MLS# 640811 | ACTIVE

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    PROPERTY DESCRIPTION

    This is a leasehold property. This property is 2.47 acres, located on Hawaii Belt Road, one mile south of the Captain Cook Post Office.
    The spectacular ocean view overlooks Kealakekua Bay, Honaunau Valley, and 26 miles of the gorgeous Kona coastline.
    6,000 sq.ft. of the land is classed as commercial.
    The remaining 2.33 acres are zoned agricultural, and include 1.25 acres of Kona coffee trees, plus Avocado, Mango, Papaya, Banana & Orange trees, Guava, Lilikoi, and more.
    There are 2 buildings on the property.
    The residence is 3,000 sq.ft., with 5 bedrooms, 3 full & one 1/4 bath, a two car carport, and an 1,100 sq.ft. lanai, with one of the world’s greatest views from a hot tub.
    The residence has been approved by Hawaii County and Kamehameha Schools for use as a vacation rental. STVR permit # 19-365130.
    The 2,700 sq.ft. commercial building is located right off the highway on the property’s 6,000 sq.ft. commercial site, and is home for The Coffee Shack restaurant
    The commercial building also has a 400 sq.ft. office on the lower level, and a one bedroom apartment.
    The Coffee Shack, Ltd currently subleases the commercial site for $4,600/month. The Coffee Shack restaurant business is also for sale.
    The land is leased from Kamehameha Schools. There are 32 years remaining on the current lease.
    Kamehameha Schools is a private charitable educational trust endowed by the will of Hawaiian princess Bernice Pauahi Bishop. Kamehameha Schools / Bishop Estate is the largest private landowner in Hawaii. Leases from Kamehameha Schools are typically a less expensive way to own property in Hawaii.

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    83-5799 HAWAII BELT RD, CAPTAIN COOK 96704


    Listed By: Koa Realty, Inc.

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    MLS listing information is deemed reliable but is not guaranteed by the service.

    Updated

    07/30/2020

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