James D. Mayfield
jim@islandbusinessbrokers.com
(808) 240-3020
Island Business & Commercial Brokerage

3490 Paena Lp
$1,600,000
Price:
$1,600,000
Bedrooms:
0
Bathrooms:
2
MLS:
(ACTIVE) 646110
Interior Area:
Not Available
Price/sqft:
$inf
Year Built:
1948
Lot Size:
5,557 sqft
Land Tenure:
Fee Simple
Property Type:
Commercial Property
On Market:
Apr 27, 2021
Updated:
Jun 10, 2021
Foreclosure:

Listing Remarks

Redevelopment opportunity. Located 150 yards from Nawiliwili Beach (as the seagull flies), this two story building can be redeveloped into a combination restaurant/bar plus a 6 unit hotel or possibly into an ocean view residence and restaurant/bar. Currently used as a "historic tavern". The lease rent is $8,000 per month ++ and is on a month-to-month basis. There is no written lease, just a verbal agreement. Special Use permit as a hotel for the second floor only is approved. Proposed second floor additional build-out is attached.

Ground floor: 2,684 sq.ft. while the second floor is 1,630 sq.ft. with an adjoining 265 sq.ft. lanai.

Property Location

Public Reports

Other Details

Address: 3490 Paena Lp , Kalapaki 96766
Lat/Long: 21.96120497 | -159.3523426
Taxkey: 4350020130000
Property Type: Commercial Property
Full Baths: 2
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $6,232
Assessed Value: $769,400
Assessment Year: 2020
Zoning: C-G
Annual Tax (Year): 2015
Garage Area: 0 sqft
Appliances:
  • Dish Washer
  • Refrigerator
  • Range/Oven
Lot Description:
  • Corner
Roads:
  • County
  • Paved
Unit Description:
  • Multi-Story
Sewage:
  • Sewer-Connected
The View:
  • Bay
  • City
  • Coastline
  • Marina
  • Mountain
  • Ocean Horizon