1-OFF Macadamia Nut Road

    Keaau, HI 96749
    • $2,100,000
    • STATUS: Active
    • ON SITE: 518 days
    • MLS #: 607713
    UPDATED: 55 min ago
    $2,100,000
    • 0
      BEDS
    • 121.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Income producing, professionally managed, mature Macadamia Nut with Lychee, Mangosteen and Longan orchards on 121.05 acres of fee simple land. The low elevation, close proximity to the coastline with higher temperatures and insolation (solar radiation received) makes for high yields from tropical fruit and nut orchards. Property has a well in place and the lychee are being irrigated.This 121 acre orchard, priced at $2,100,000, is located about 10 miles from Hilo. It consists of about 67 acres planted in macadamias (close to 4700 trees), about 22 acres planted in tropical fruit ( 370+ lychee, 90 longan and 300 mangosteen trees) and about 32 acres of undeveloped land.Buyer to assume the nut purchase and farming contract on the Macadamia Nut orchards. Currently the lychee are being farmed and harvested by third parties contracted by the owner. These contracts are on a season to season basis and new owner may choose to enter into other arrangements including farming and marketing themselves.Tree crops are considered an improvement and may be depreciated for tax purposes on shorter schedules than buildings. Some owners have used depreciation schedule of 5 to 15 for calculation of net taxable income. Prospective purchaser should discuss with a tax attorney or CPA who has expertise in orchard ownership accounting and tax law when considering the purchase of a producing orchard.

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    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-11-20T05:34:24.947.
    hawaii.elitepacific.com/homes/73760858

    1-OFF Macadamia Nut Road Keaau, HI 96749

    • Price: $2,100,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 607713
    0
    Beds
    0
    Baths
    0
    ½ Baths
    121.05
    Acres
    Neighborhood:
    Keaau
    Area:
    Puna
    Property Description
    Income producing, professionally managed, mature Macadamia Nut with Lychee, Mangosteen and Longan orchards on 121.05 acres of fee simple land. The low elevation, close proximity to the coastline with higher temperatures and insolation (solar radiation received) makes for high yields from tropical fruit and nut orchards. Property has a well in place and the lychee are being irrigated.This 121 acre orchard, priced at $2,100,000, is located about 10 miles from Hilo. It consists of about 67 acres planted in macadamias (close to 4700 trees), about 22 acres planted in tropical fruit ( 370+ lychee, 90 longan and 300 mangosteen trees) and about 32 acres of undeveloped land.Buyer to assume the nut purchase and farming contract on the Macadamia Nut orchards. Currently the lychee are being farmed and harvested by third parties contracted by the owner. These contracts are on a season to season basis and new owner may choose to enter into other arrangements including farming and marketing themselves.Tree crops are considered an improvement and may be depreciated for tax purposes on shorter schedules than buildings. Some owners have used depreciation schedule of 5 to 15 for calculation of net taxable income. Prospective purchaser should discuss with a tax attorney or CPA who has expertise in orchard ownership accounting and tax law when considering the purchase of a producing orchard.
    Exterior Features

    Fence Wire Land Tenure Fee Simple Lot Description RockyOther (Remarks) Ocean Front N Pool N Roads PrivateUnpaved Topography Fairly LevelRc

    Property Features

    Assessed Value 152000 Assessment Year 2017 Distressed Standard Sale Lava Zone 3 Lot Number 8938 Phone Service Cell Power None Property Type CommercialLand Sewer None Solid Waste Disposal None Tax Key 316001031 Taxes 1406.00 Terms 1031 ExchangeCash Tv Availability None Water Wells Zoning A-20A

    Listing information © 2018 MLS Hawaii, Inc. All rights reserved.
    Listing courtesy of Joel K. Lapinta.


    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-11-20T05:34:24.947.
     
    Elite Pacific Properties
    4211 Waialae Ave.
    Honolulu HI, 96816