On Thursday, November 5th, Fine & Company, LLC, an international real estate auction firm in cooperation with Hana Bay Realty of Hawaiʻi, will auction 48 acres of industrial and agricultural land, buildings, and single-family home next to Honokaʻa, Hawaiʻi.
The Historic Haina Sugar Mill was located on this site and operated from 1868 until the final harvest in 1994, after which the sugar mill closed permanently.
The real estate will sell, subject to a shocking minimum bid of $370,000 for the entirety. Bidders may also bid on five individual tracts or any combination with minimum bids as low as $5,000 for a two-acre tract. Sealed bids are due on or before 2:00 p.m. on November 5.
Michael A. Fine, president of Fine & Company, said: “This is a rare opportunity to acquire land on the Island of Hawaiʻi with difficult to find industrial zoning as well as some with agricultural zoning. Commercial real estate auctions are rare in Hawaiʻi, and even more rare is one with published reserves or minimum bids. Fine & Company publishes minimum bids so that buyers know the seller stands committed to selling, and now it’s up to the bidders to determine market value.”
The property is available for inspection on February 29th at 10:00 a.m. on October 10, 17, 24 & 31 by appointment confirmed at least 24 hours in advance. The purchase of a detailed Bidder’s Information Packet is required to bid. To schedule an inspection or order the packet, call (312) 278-0600 ext. 101.
