Database Last Updated On:
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Tue May 23 2017, 12:40:45 AM HST  
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Featured Listing!

1920 sq ft (10.09 acres) in Panaewa Ag. Park
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General Information


Address:324 PAU O PALAE ST
HILO, HI 96720
Subdivision:Panaewa Ag. Park
Price:$450,000
Form: Business
House Size:1,920 Sq Ft
Lot Size:10.09 Acres (439,390 Sq Ft)
Type: Not specified
Lava:Zone 3
TMK:3220560440000
MLS:296251
Terms:
  • Cash
  • Conventional
  • Open
  • District: South Hilo District
    (learn more)
    Beds:
    Baths:1.0
    Built:1989
    Status: Active
    Tenure: Leasehold
    Taxes:$564.0
    Value: $1.02/SqFt (land)
    $234.38/SqFt (stucture)

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    Overview


    Offered for the first time is an established export foliage nursery with a 30 year track record of successful innovation. It has a reputation for providing high quality plant material throughout the state of Hawaii and the U.S. mainland. The nursery is located in the Panaewa district of Hilo, only 10 minutes from downtown.

    This nursery produces high quality ornamental plants for export. The product line includes 2 varieties of Palm plants including the Rhapis Sp., the premium interior plant.

    This nursery has 2 sites, both in Panaewa, both are included in the sale. TMK 3-2-2-56-44 has 3 greenhouses, 3 shade houses, a potting shed, store room, and an 84 x 26 ft. loading dock with office, bathroom and storage room. TMK 3-2-4-49-21 has 2 shade houses totaling approximately 120,000 sf under shade. Extensive plant inventory is also included. The Seller will consider training new owner & will transition all existing customers and accounts to new owner.

    This nursery is located on State of Hawaii Leasehold land. The State of Hawaii leasehold law requires new buyers to have 3 years of farm experience and be residents of Hawaii. Approximately 15-20 years remaining on lease.

    Recent years’ sales are on the rise, and projections are strong to continue this trend. The nursery has an established customer base, some who have been with the business for over 25 years.

    This is a rare opportunity to step into a successful existing business.

    Note: Interior area of approx. 1,920 sq ft includes the covered loading dock area adjacent to office.

    Highlights


    Features...

  • Ceilings-9'+
  • Greenhouse
  • Office
  • Storage Area
  • Car Storage...

  • Carport
  • Fencing...

  • Chain Link
  • Full
  • Frontage...

  • Road/Street
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  • Inside
  • Phone...

  • Cell
  • Land Line
  • Pool...

  • No
  • Power...

  • Electricity
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  • County
  • Security...

  • None
  • Sewer...

  • Cesspool
  • Waste...

  • Private Contractor
  • Topography...

  • Gentle Slope
  • Television...

  • None
  • View...

  • Forest
  • Water...

  • Municipal
  • Washer/Dryer...

  • None
  • Location
    Zoning...

  • Zone A-3A
  • Coordinates...

  • 19.6606933284 -155.046677952
  • The green arrow points to the property

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    Click any photos to enlarge


    Offered for the first time is an established Hilo export foliage nursery with a 30 year track record of successful innovation.


    The product line includes 2 varieties of Palm plants including the Rhapis Sp., the premium interior plant.


    Side view of 4-bay dock, front view of office, storage room and bathroom. Short drive to downtown, Harbor and Hilo Airport.


    Office space looking out to the loading dock


    This nursery produces high quality ornamental plants for export.


    This nursery has a reputation for providing high quality plant material throughout the state of Hawaii and the U.S. mainland.


    Aerial view of property. The nursery is located in the Panaewa district of Hilo, only 10 minutes from downtown.


    Aerial view of TMK 3-2-4-49-21.


    TMK 3-2-4-49-21 has 2 shade houses totaling approximately 120,000 sf under shade.


    One view of the beautiful product line.


    This nursery has 2 sites, both in Panaewa, both are included in the sale.


    TMK 3-2-2-56-44 has 3 greenhouses, 3 shade houses, a potting shed, store room, and an 84 x 26 ft. loading dock with office, bathroom and storage room.


    Extensive plant inventory is also included. The Seller will consider training new owner & will transition all existing customers and accounts to new owner.


    Storage Space for assets


    Equipment for farm is in place, ready for turnkey operation.


    Green House


    Shade house of Palm plants


    Shade House


    Palm plants


    Chain-link fence entrance to property


    4-Bay Loading Dock


    A new owner could continue operation as-is or add new products.


    Side view of 4-bay dock


    Additional storage space

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