Business,Commercial,Multi-Family, Remodeled,Wood Frame - LIHUE, HI
This historic 48 1-bedroom units Kauai Inn is located where Nawiliwili Bay meets the Huleia River with backdrop of Haupu Mountains on 2.75 tropical acres. Dating back to days when John Wayne and crew of Donovan?s Reef relaxed poolside talking story with guests.
In 1991, after a 4 million-dollar renovation, Kauai was hit by Hurricane Iniki. Soon after sellers purchased Kauai Inn and with a few carpenters, 7 years, buildings were moved, wood floors and the Inn were brought back to life.
Beautiful guest rooms, with ocean and or mountain views, have AC, LCD flat screen, wi-fi, small refrigerator, micro plus usual amenities. Italian brass sinks with marble vanities complete 24 rooms. Pool, 3 ramadas, covered BBQ area, laundry with 3 comm. washers and dryers, guest laundry, tool room and events area. Two story ocean view, 3bdrm, 3bath manager?s home with cherry wood cabinetry, granite, ss appliances, wood/tiled flooring, with first floor apt or shop and covered parking is included!
Located near Kalapaki Ocean Beach, with activities from surfing, fishing, sailing, golf, tennis, windsurfing., centered between North and South shores, 3 miles to Lihue Airport, major retailers, commercial enterprise, it?s the perfect spot for exploring Kauai.
The 48-unit hotel rooms are CPR?d which means they are taxed individually, so use your imagination. Average room size: 200 sq. ft. In January, Travel Channel with a crew of 16 were on site filming Kauai Inn for 6 days to be aired in May.
Owner will offer seller financing at 40% down, seller will finance remainder, in first position, at bank's commercial lender rate at time of the sale. Length of loan to be negotiated.