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3490 Paena Lp

Lihue, HI 96766
  • $1,600,000
  • STATUS: Active Under Contract
  • ON SITE: 213 Days
  • MLS #: 646110
Under Contract
UPDATED: 30 min ago
$1,600,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1948
Area:

School Ratings & Info

Description

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.

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© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties. Data last updated: 2021-11-27T09:34:23.163.
kauai.corcoranpacific.com/homes/116519474
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3490 Paena Lp Lihue, HI 96766

  • Price: $1,600,000
  • Status: Active Under Contract
  • On Site: 213 Days
  • Updated: 30 min ago
  • MLS #: 646110
0
Beds
2
Baths
0
½ Baths
0.13
Acres
1948
Built
Neighborhood:
Kalapaki
Area:
Lihue
Property Description
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.
Exterior Features

Frontage Almost OceanfrontHighway/FreewaySandy BeachStream/Canal Land Tenure Fee Simple Lot Description Corner Ocean Front N Pool N Roads CountyPaved Unit Description Multi-Story View BayCityCoastlineMarinaMountainOcean Horizon

Interior Features

Appliances DishwasherRefrigeratorRange/Oven

Property Features

Assessed Value 769400 Assessment Year 2020 Distressed Standard Sale Power Overhead Property Type Commercial Sewer Sewer-Connected Solid Waste Disposal Private Contractor Tax Key 435002013 Taxes 6232.00 Terms 1031 ExchangeAgreement Of SaleCash Water County Zoning C-G

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Island Business & Commercial Brokerage.


© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties. Data last updated: 2021-11-27T09:34:23.163.
 
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Corcoran Pacific Properties
5-4280 Kuhio Highway
Princeville HI, 96722