Listing Image
SOLD
MLS: 702962
 
Asking Price: $1,800,000 Fee Simple
Sold Price: $1,700,000
Sold Date: 04/04/2024
Type: Commercial
District: North Kona
Street: 79-7511 Hawaii Belt Rd
Neighborhood: Honuaino 4th - Kanaueue 1st & 2nd
Baths: 2 Full / 3 Half
Living Area: 4,384 SF
Style: Food Service
Land Area: 15,000 SF
Days on Market: 511
Year Built: 2002
Zoning: CN-10
Roads: Major Thoroughfare,Paved
Property Taxes: $9,493,.04
Assessed Value: $887,200
Assessed Ratio: 202.89%
Listing Courtesy: KW Big Island
Terms Acceptable: 1031 Exchange,ARM,Cash,Conventional,Other (remarks),Agreement of Sale,PMM

Commercial zoning, Restaurant, Salon, and 2 apartments

NOW Accepting Backup offers!

Rarely available, free-standing Commercial building in beautiful Kealakekua. CN zoning allows for a myriad of legal uses for this property. Keei Cafe encompasses the majority of the 4,384 sqft where they pride themselves on farm-to-table local cuisine and have earned hundreds of 5-star reviews online. The dining portion of the restaurant features an open-concept design with a designated spot for nightly live music and a large meeting room, commonly booked for business meetings. Keei Cafe has built a solid reputation for sunset dining and sensational local food. On the top floor, there is a studio apartment with a nice ocean view and lanai, approximately 400 sqft. The lower level features an approximate 500 sqft Salon and an approximate 550 sqft 3 bedroom, 1 bath apartment. All tenants are on a month-to-month lease except the salon. There are 3 electrical meters and a 500-gallon propane tank. The building is on septic with a large grease trap. Plenty of parking surrounds the building and the fronting of Hawaii Belt Road is a major artery for daily north & south traffic.

Restaurant and real estate are being sold together.
See the attached permitted use table.
Kealakekua is only a 15-minute drive south of Kona and enjoys cooler temperatures at 1,500-foot elevation


 
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