THIS IS A LEASEHOLD PROPERTY- with 16 years left on renewable lease! Located in the Keonepoko Iki Farm Lot subdivision, Pahoa Agricultural Park this 5.34 acres property has a 3 bedroom, one bath home (1,440 sf) with office space on a cement slab. There are 4 greenhouses totaling 3,960 sf, (20' x 132'), a packing shed with loading dock (42' x 94' = 3,948 sf). There is more covered area in front of the 4 greenhouse that totals 2,640 sf (20' x 134') and a stand alone greenhouse in the front section of the property that totals 2,016 sf (96'x 21"). There are also 2 smaller greenhouses that need new plastic. Great neighbors on a dead end street with minimal traffic. Property has both electric and county water. Look for paperclip to download a one page information sheet for requirements. for further information, be see below. LEASE INFORMATION: Term of Lease: 55 years Effective date of original lease: 5/1/1982 Expiration date: 4/30/2037 Rent reopening date: 5/1/2022 Annual lease rent up to 5/1/2022: $880.00 per year Semi-annual lease rent payment due dates: 5/1 and 11/1 Semi-annual lease rent: $440.00 every 6 months Additional rent: 1.5% of the gross sales ANY BUYER MUST BE QUALIFIED VIA STATE OF HAWAII DEPT OF AGRICULTURE (HDOA.HAWAII.GOV) AS A "BONAFIDE FARMER" AND BE ABLE TO SHOW AVAILABLE RESOURCES, AS WELL AS COMPLETE A DEPT OF AGRICULTURE APPLICATION. INTERESTED BUYERS SHOULD GO TO THE WEBSITE TO REVIEW QUALIFICATIONS UNDER "ADMIN RULES". CLICK ON CHAPTER 153, AGRICUTURAL PARK PROGRAM RULES. TO ASSUME THIS STATE OF HAWAII LEASE, BUYER MUST BE A 3 YEAR HAWAII RESIDENT AND HAVE AT LEAST 2 YEARS OF AGRICULTURE EXPERIENCE OR A BS IN AGRICULTURE! http://hdoa.hawaii.gov/wp-content/uploads/2012/12/AR-153.pdf
Listing courtesy of Hilo Bay Realty LLC.
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