Huge investment opportunity! This 1.29 Acre commercial property is situated just to the rear of Punaluu Bakery in Na`alehu, next to one of the most heavily trafficked tourism locations in Hawaii. Boasting a warehouse measuring 5,700 square feet and set to benefit from Hawaii County’s upcoming sewer network expansion, this ML-20 zoned parcel is approved for everything from auto-repair and manufacturing uses to bars and restaurants. With a combination of excellent street frontage and ample land to accommodate a variety of parking needs, this rarely-available property is in a prime location to service both the growing community of Naalehu, and the hundreds of thousands of visitors who frequent it annually. Naalehu itself is an historic plantation town, well-known for its ideal microclimate with some of the best growing conditions in the state of Hawaii. Situated about 90 minutes from both Hilo and Kailua-Kona, Naalehu is also 20-30 minutes away from famed Punaluu Beach and the Hawaii Volcanoes National Park, respectively. *Note: MLS records may reflect warehouse square footage as living area, which is inaccurate.
The median home value in Naalehu, HI is $400,000. This is lower than the county median home value of $522,400. The national median home value is $338,100. The average price of homes sold in Naalehu, HI is $400,000. Approximately 50.66% of Naalehu homes are owned, compared to 28.87% rented, while 20.47% are vacant. Naalehu real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Naalehu real estate agent to arrange a tour today!
Naalehu, Hawaii has a population of 923. Naalehu is more family-centric than the surrounding county with 32.74% of the households containing married families with children. The county average for households married with children is 25.67%.
The median household income in Naalehu, Hawaii is $49,432. The median household income for the surrounding county is $68,399 compared to the national median of $69,021. The median age of people living in Naalehu is 34.4 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 56.4 degrees. The average rainfall is approximately 40 inches per year, with 0 inches of snow per year.