Enchanted by the small town, old Hawaiʻi atmosphere of Hawi and Kapaʻau in North Kohala? Have you stopped for ice cream at the Kohala Coffee Mill or a plate lunch at L&L Drive In? If you are looking to make North Kohala your home, what better way than to invest in the most central, productive commercial properties located along the “main drag” Akoni Pule Highway (Highway 270).
The Toyama Building in Downtown Hawi for Sale
Originally built in 1938, this building in downtown Hawi is often the first stop for visitors to the area, as they get their cappuccino, ice cream, or sandwich at the Kohala Coffee Mill before exploring the town.
Tropical Dreams Ice Cream is a popular afternoon treat at the Kohala Coffee Mill in Hawi (MLS 615470)
Purchased by the current owner in 1993, other established tenants of this central Hawi building include a real estate company, the As Hawi Turns clothing and gift boutique, and the Kava Kafe. Local residents can be found enjoying coffee and conversation in the morning, live music on Sundays, and the annual Earth Day events with a recycled fashion show and art.
Zoned commercial, there is a residential building tucked off the street that is also currently rented to businesses. The Toyama building is on a lot of 8,443 sq. ft. and is offered for $1,998,000 (MLS 615470)
Kohala Town Center in Kapaʻau for Sale
Itʻs hard to miss the brightly colored Kohala Town Center in Kapaʻau.
Kohala Town Center in Kapaau is just down the street from the Kamehameha statue (MLS 621415)
What makes this commercial property doubly appealing is that in addition to the two 1991 buildings housing a mix of restaurants, retail businesses, and offices, the current owner built a four-unit apartment building at the rear of the lot in 2014. With a tight market for rental housing in these small towns, the apartments were a welcome addition to the supply.
This 36,130 sq. ft. property also includes a sizable parking lot and is offered for $1,480,000 (MLS 621415).
For more information on these commercial opportunities in Hawi and Kapaau, or to get a copy of the offering memorandum, please contact me directly.