15-2950 PAHOA VILLAGE RD

PAHOA, HI, 96778

$399,000

$399,000
Active
Active
 - For Sale
beds
1 Bed
baths
1.01 Baths
property_type
Commercial
calendar
Built 1996
This is your chance to buy a well maintained commercial building located in the heart of Pahoa Village with two fully self contained units.

The building currently has a non-alcoholic Awa (kava kava) Bar with a large lanai and bathroom located on the first floor. The La Hiki Ola Kava bar has a one year lease that ends on April 1, 2023. Painted throughout with murals and other artwork, it’s been a mainstay of the local community for years.

The second floor contains a large fully self contained residential apartment with kitchen and bathroom and lanai.

The second floor is newly remodeled and repainted, with bamboo floors in the main space, and slate floors on the bathroom and lanai.

The new kitchen area has poured concrete countertops and new appliances (stove, dishwasher, refrigerator). There is lanai out front and a stairwell in the back that leads down to the first floor.

There is a small garden area in the back with lilliquoi and avocado plants. From the rear lanai and on the roof, there is a distant view of Mauna Kea and Mauna Loa volcanoes.

This building is located in the heart of Pahoa town and this area remains largely unchanged with Hawaiian western style architecture and rustic wooden boardwalk areas. Across the street from the units are three highly-rated restaurants including Thai, Seafood and Italian, and a new Kombucha brewery opening soon across the street. The downtown is hopping with activity, but the noise ends by 9pm every night.

This sale includes the building and land only, not the business on the first floor. The owner of the business is collaborative and also owns the new Kombucha-Jun brewery.

Sale subject to existing lease on the first floor which is currently through April 1, 2023.
MLS® ID:
660141
Listed:
4/4/22
Updated:
3/28/23

Interior Features

Kitchen Appliances
Microwave, Refrigerator, Range/Oven
Total Bedrooms
1
Full Bathrooms
1

Exterior/Building Features

Lot Size
1,515 ft² lot
Sewer
Septic

Other Property Details

Area Name
Puna
Taxes
$2597.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
Y
Utilities
Power: Overhead
Water Source
County, Municipal
Pool
No
Pool Description
N
Zoning
CV-10

Property History

Date
Event
Price
Value
5/25/22
Price Change
$515,000
-1%
6/2/22
Price Change
$510,000
0%
6/6/22
Price Change
$505,000
0%
6/10/22
Price Change
$500,000
0%
6/21/22
Price Change
$495,000
-1%
7/21/22
Price Change
$455,000
-8%
8/15/22
Price Change
$415,000
-2%
7/29/22
Price Change
$435,000
-4%
8/9/22
Price Change
$425,000
-2%
8/22/22
Price Change
$405,000
-2%
8/29/22
Price Change
$395,000
-2%
9/8/22
Price Change
$385,000
-2%
9/19/22
Price Change
$375,000
-2%
10/28/22
Price Change
$370,000
-1%
11/4/22
Price Change
$365,000
-1%
11/18/22
Price Change
$355,000
-1%
11/11/22
Price Change
$360,000
-1%
11/25/22
Price Change
$350,000
-1%
12/6/22
Under Contract
-
-
1/6/23
Active
-
-
2/17/23
Price Change
$345,000
-1%
2/24/23
Price Change
$340,000
-1%
3/3/23
Price Change
$335,000
-1%
3/12/23
Price Change
$399,000
119%

 

Courtesy of COMPASS, Saul Brecher

Listing Contact:  

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Data last updated 7:01 PM UTC, 3/28/23

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