121 acres in Hawaii County, Hawaii
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Details about the Land
Description of the Land
Agricultural investment opportunity with mature Macadamia Nut and exotic fruit orchards on 121 fee simple acres. Located in the Keaau area, only minutes to downtown Hilo on the Big Island of Hawaii. Farming & sales contracts are in place, requiring minimal site management by the new owner.
Current Agriculture zoning (AG-20A) allows minimum lot size of 20 acres. Keaau is the central town of the Puna District, the fastest growing area in the State of Hawaii.
Ideal, low elevation location is perfect for growing Macadamia Nut and rare tropical fruit crops. Close proximity of orchard to processing and shipping vendors creates efficiencies in operations. Expect high crop yields and returns at this site.
The 121 acre property consists of the following (approximate only):
67 acre mature Macadamia Nut orchard with 4,700 trees.
9 acre Lychee orchard with 300 trees.
8 acre Mangosteen orchard with 270 trees.
5 acres of access roads.
32 acres of undeveloped land.
The Macadamia Nut orchard's average annual production over the last 10 years has been about 250,000 pounds, and is expected to increase as replacement trees come into production. The 2005 nut price paid was $0.63 per pound.
Lychee & Mangosteen are rare, tropical fruits that are in high demand. Fruit is packed & shipped by the cooperative. Export demand is huge and forecasts point to a strong market future.
The annual production potential of the Lychee orchard is estimated at 30,000 pounds (100 lbs. per tree) at maturity, with an average farm gate price of $3.00 per pound. Harvest season is usually in June of each year. Meaningful production of Lychee fruit should occur within the next year or two.
The annual production potential of the Mangosteen orchard is estimated at 54,000 pounds (200 lbs. per tree) at maturity, with a farm gate price of $5.00 per pound. The Mangosteen orchard is expecting to have its first harvest in 2009.
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