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MLS #621601 - Commercial Opportunity in NINOLE VIEW ESTATES PH II
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|Address:||4 Pali Ku Place
Ninole, HI 96773
|MLS #||621601||TMK #||3320050040000|
|Price:||$ 329,000||Year Built:||1937|
|District:||North Hilo||Subdivision:||NINOLE VIEW ESTATES PH II|
|Living Area:||Land Area:||0.67 Acres (29,098 Sq Ft)|
|Assessed:||$120,400 (2016)||Maint Fee:||Not Specified|
|Month Fee:||Not Specified||Taxes:||$3,118.0|
Land value is $11.31 per square foot|
|Zoning:||Zone RA-.5A||Schools:||Not Specified|
|***INVESTMENT OPPORTUNITY*** |
Current cap rate = 8.3% with a lot more room to grow!
This former service station/auto parts building reminiscent of the Sugar Plantation Days could possibly be converted into a gallery, hospitality facility etc.
With its lush tropical landscape, cascading waterfalls, and near-perfect weather (temps average 76-80 degrees year round), Ninole is one of the best-kept secrets on the Hamakua Coast.
Located just north of Hakalau and south of Papa‘aloa along scenic Mamalahoa Highway, Ninole is a residential community with homes spread out along the coastline. An unincorporated town, Ninole does have its own zip code and boasts one of the smallest (and cutest) post offices in the country.
With its relaxed lifestyle and serene surroundings, Ninole has become an ideal place to retire, many appreciate the variety of outdoor recreational activities available. Waikaumalo Park, located next to Waikaumalo Stream in Ninole, is a popular place for cookouts and family get-togethers with its large covered dining area complete with picnic tables, expansive green lawn, restroom facilities, and ample parking.
If camping, fishing, and diving are more your style, you can do all three at nearby Laupahoehoe Point, which also offers breathtaking ocean scenery. Laupahoehoe is also home to a community library and swimming pool, which are open daily and free to use.
Water for this lot responsibility of new owner either well or catchment. Ask agent for well estimate.
Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
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