Seller's Contact Information

  • RE:  Rental Property - Income-producing & Rare!
  • Contact:  Teena Genge
Listing Update!
Update: Rental Property - Income-producing & Rare! is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Commercial Real Estate: Land Industry.

Business Overview:

Amazing potential! This is a great, rarely available, commercially zoned property located in downtown Naalehu just one block off Highway 11. Located in Lava Zone 6, this is currently producing income as a rental property, but commercial zoning allows many other opportunities for the Buyer. The home was built in 1938 and is 963 square feet according to County records. Originally single wall construction, the home has been upgraded over the years including newer kitchen, electrical, sheetrock, and a new roof.  As such, the current home configuration may not match County records. 

The current long-term renters would like to stay. It is approximately 60 miles to Kona or 75 miles to Hilo for major shopping and international airports.  This area has a very desirable climate, with trade winds for a comfortable ocean breeze. South Point offers some of the best fishing in all of Hawaii. Nearby beaches include Green Sands, Black Sands and more. Agents and Buyers must independently verify any pertinent facts they deem material or important to their purchase with County and State agencies or others as needed.

Property Features and Assets:

Seller is installing a shower conversion kit for showering in the tub. Off the bedroom slider is a large lanai for entertaining.  This property has the potential to be converted into a small office, restaurant, coffee shop, etc. The possibilities are only limited to your creativity! The property is located adjacent to Naalehu Park giving you easy access to all its facilities. The Post Office, Ace Hardware, Punalu'u Bakery and several restaurants are located less than 1,000 ft from the property. Set off from the main highway next to Hana Hou Restaurant, traffic noise is minimal. A mature hedge gives the property a private feel.  The home has a wheelchair accessible ramp. There are 2 mature mango trees along with bananas, papaya and a bearing tangerine tree.

Additional Details:

  • The property is owned.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

Listing Update!

Update: Rental Property - Income-producing & Rare! is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Commercial Real Estate: Land Industry. You may also be interested in signing up for Email Alerts for listings that match your search criteria.

Similar Active Listings That May Interest You:

Asking Price: $1,990,000

Marina in Central New Jersey Includes Real Estate

Not Disclosed, NJ
Middlesex County

It is fully owned by a man and his wife since 1965. They are both well into retirement age and they decided to retire after spending so many wonderful years operating this well-known Marina in central New Jersey. No other employees operate the Marina. It has 3 lots and 300 feet of Waterfront property. Most importantly the area if further developing, attracting more area visitors over the next few years. They also anticipate that expansion of the routes for the Seastreak Ferries servicing points in Manhattan, central New Jersey, Nantucket, Martha's Vineyard, and more..On one of the lots there is a two-bedroom house with a basement that contains a Bait Shop. In addition to this Bait Shop, the Marina provides fuel oil for the boats. Both of these money makers are currently leased but an option for a new owner would be to operate as well these as well. In addition, it is possible to add a snack bar, restaurant or an informal bar for marina renters and visitors. This option would easily expand the property’s and business value. In addition, other services such as maintenance and repair are basically performed as an offered service.Two mechanics visit on site for engine repair and provide the owner a percentage of their repair fee. Winter storage is done on a cash basis.People often visit this marina because of its location and access to the Bait shop.Newly paved access has been recent addition. There are a total of 21 slips for boats as small as 22’, 35’, 40’ and couple of slips for larger 50 and 60’ boats. The slip rental rate is $2,000 to $3,000 per boat annually. That brings in $50,000 for slip rental along with $20,000 storage fees done on a cash basis. They do have a crane which when operated they charge $100 to $200.There are no environmental concerns, and the Marina has the appropriate liability insurance as well.In fact, today its business value coupled with the value of the property is significant, with plenty of options to increase its value and service offerings after its sale. Certainly, much could be done to expand the business revenue such as a restaurant, bar, a repair facility perhaps outsourced, other services.The primary driver of marina income is the number of slips available for rental, the size of the boat(s) that the slips can accommodate (bigger are more expensive), and the rental rate for each. To supplement this income, smooth out seasonal variations, and cater to customer needs, marinas have complementary services like gasoline, repairs, maintenance, storage, boat sales, and food. Clearly, these "other" sources of income are also levered to the number of boats in the marina and the popularity of the location 1. Today the Marina, while popular and well situated, could easily expand its limited revenue base. The business value today is an estimate the earnings potential of the Marina for the next few years. For a well-developed Marina and with proactive management of the sites portfolio including the business, the site and the money producing components the typical P/E ratio is extraordinary.

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Cash Flow Not Disclosed
Revenue $100,299

Asking Price: $675,000

Large Recycling Facility

Not Disclosed, Not Disclosed

The Pit is approximately 637' long X 332' wide. It is 4.78 acres and is bordered to the east by Highway 17 in Highlands County and is in Avon Park, Florida. The Pit was originally dug as a Borrow Pit for the usage of the fill dirt leaving a hole 50 feet deep with the walls of the Pit on a 2 1/2 to 1 slope; this would equate to more than 100,000 yards of clean fill with 2% clay content remaining in the walls.In 2000 the owner began filling the Pit with three mixes of post recycled materials and at the time were hand sorted and leaving quite a bit of useable products. They did several tests to determine the contents of the Pit. The results equaled approximately 475 tons of trash which some of this will have already turned into compost, 680 tons of metal which again some of this might be turned to rust since it has been buried for over 20 years, 1,800 tons of plastic which is bottle caps, heavy duty plastic jugs, and water bottles leaving 124,000 tons of mixed glass. They have documented bill of lading's equaling 128,000 tons delivered to the Pit. The Pit was closed in 2010 as per EPA guidelines with three 4-inch monitoring wells and 2 feet of clean fill covering the entire site. This would be an excellent position for someone looking to start a recycling business with minimal equipment needed and immediate cash return or someone who is already in the business and needs inventory. There is a rail siding nearby that arrangements could be made for transporting the materials in bulk or separated into the related contents. Ideally, the removal of the Pit contents would be via Trac Hoe and/or Loader. *The clean red clay (2%) is very suitable for roadbed fill and building fill. NOTE: INVENTORY & REAL ESTATE VALUES ARE APPROXIMATE AND TO BE DETERMINED.

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Cash Flow Not Disclosed
Revenue Not Disclosed

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