Opportunity awaits in the heart of Pāhala! This 1.03-acre parcel is zoned ML-20 (light industrial), offering incredible flexibility for business-minded buyers or developers looking to build something special in a peaceful, close-knit rural community. Tucked within the historic town of Pāhala in the Kaʻū District, this property is located near essential amenities like the post office, bank, gas station, grocery stores, and the local school and hospital. With a prime location and priced significantly below its assessed value, this is an investment opportunity with serious potential. Light industrial zoning opens the door to a wide variety of permitted uses. Whether you’re envisioning an agricultural processing facility, automotive repair or storage, plant nursery, workshop, self-storage, or even a small-scale food production business, this property offers room to grow and the zoning to support your plans. Though the parcel was previously cleared, natural vegetation has since returned—offering a blend of privacy and mature trees. The lot’s size and layout allow for flexible site planning, and its location within a region known for Kaʻū Coffee and macadamia nut farms offers excellent synergy for agriculture-adjacent businesses. Buyers are encouraged to confirm specific permitted uses with the County of Hawaiʻi Planning Department, as the ML-20 district is known for its broad scope and development potential. If you’re ready to build something of value in one of Hawaiʻi Island’s most authentic and agriculturally rich communities, this could be the perfect place to begin.