3490 PAENA LP, LIHUE, HI 96766

$1,580,000
2
BA
Sold Price
$1,580,000
List Price
$1,600,000

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.

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Courtesy of Island Business & Commercial Brokerage, . Selling Office: .

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