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95-1132 Puaala Pl

Naalehu, Hawaii

Price:
$695,000

Size:
3,480 sqft.

Location:
95-1132 Puaala Pl, Naalehu, Hawaii

Includes:
12 Beds
7 Baths
RefindPro Property
Description:

RARE KAU MULTI-FAMILY RENTAL PROPERTY - PERFECT FOR RENTALS OR B&B Extensively renovated multi-function property right near the center of Naalehu. It offers unique potential for a local business, property investor, or organization looking to take advantage of the growing interest in one of the Big Island of Hawaii's hidden gems! Consists of 3 contiguous lots totaling close to 3/4 of an acre, located on a private road behind the service station. It includes multi-family housing and paved parking, an additional rental unit with brand-new kitchen/bath (convertible to commercial space), and a newly rebuilt storage building/workshop on flat land with plenty of room for expansion. The front parcel contains an 800sqft (600 int/ 200 covered lanai) newly remodeled building with new electrical, septic, water lines and brand new kitchen and bathroom. This building was once the town fish market as well as a licensed commercial kitchen and can easily be turned back into a commercial space if so desired. The middle parcel contains a fully renovated apartment building with 6 separate 2bed/1bth units all with full kitchens, laundry hookups, attached lanais and separate electric meters. There are paved parking spots for each unit. Since this building pre-dates the current building codes, it presents a rare opportunity as being one of the only multi-family properties in the whole region, and the demand for rentals is high! The rear parcel contains a brand new 500sqft shed with a metal roof, concrete foundation and electrical improvements (no current hookup). It sits at the back of a large, flat parcel ready to be built out to more rentals or whatever you have in mind. Perfect for a small resort or bed & breakfast. Naalehu is in the southernmost region of the island and boasts a number of draws including Southpoint, Green sand and Black Sand beaches, Volcano National Park, famous Punulu'u Bakery, as well as over 1700 acres of coastal preservation land just purchased for future trails.

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