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75-5722 HANAMA PL, KAILUA-KONA, HI 96740

Listing Provided by: Go Commercial, LLC
MLS #: 713454
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Property photo
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Description

Kona Center is a standout, one-of-a-kind property located in the heart of Kona Village. Consisting of approximately 1.45 acres of fee simple, V.-75 resort zoned land with an approximately 17,000 square foot concrete and steel frame building, this property will not disappoint.

As of this writing, there is nothing advertised for sale in Hawaii that has the potential upside Kona Center has with a minimum investment. Massive future potential earning upside as well as location, location, location are what justify the listing price.
While Kona Center currently has an excellent existing income, this is only the tip of the iceberg regarding its money generating potential. With a minimum investment, the current base rental income has the potential to double. With maximum investment, the sky’s the limit! Because Kona Center is located in the highest density resort zoning possible, unique money-making opportunities are available to position the property to generate maximum profits.
STVR conversions on some or eventually all the units are just one idea to possibly double Kona Center’s current income.
More aggressive moneymaking options requiring larger capital investments could include maximizing the build out potential of up to an 85-room hotel or smaller boutique hotel, according to Kona Center’s current highest density resort zoning.
Kona Center could be a great long-term hold for institutional investors due to her large upside potential.
If you are looking for a trophy property with tons of upside potential only limited by your pocketbook, then Kona Center is the property for you! I’d be happy to explain all the tremendous opportunities this property has to offer!

Open to selling this property in leasehold for a period of 20 years.

Owner has an active real estate license in the State of Hawaii.

Property Details

Price: $11,000,000
Sold Price:
Address: 75-5722 HANAMA PL, KAILUA-KONA, HI 96740
Ownership: Full
Status: Active
Category: Commercial Sale
Type:

Total Bedrooms:
Total Bathrooms: 5
Full Baths:
Living Area: 17,000 Square Feet

Listed by: Go Commercial, LLC
Year Built: 1978
Levels: One

Features and Amenities

Interior Features: Floor Drain
Exterior Features: Lightning
View:
Pool:
Pool Features:
Appliances:
Fireplace Features:
Flooring: Ceramic Tile
Security: Fire Sprinkler System
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Assigned
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: HONUAULA 1ST - KEOPU 2ND
Association Fee: Monthly
Stories: 1
Year Established:
Lava Zone: 4
Flood Zone: X

Land Information

Lot Size: 63,162 Square Feet
Waterfront:
Land Lease Rent:
Lot Features: Corner Lot
Frontage:
Frontage Type: HIS Road/Street
Zoning: V-.75
Horse Amenities:

Additional Details

Assessed Tax Value: $3,434,300
Annual Tax: $26,656
Tax Year: 2023
Tax Lot: 17-A
Tax Block:
Utilities: Cable Available
Cooling: HIS Air Conditioning
Heating: None
Sewer:
Water: Public
First Listed August 23, 2024, 4:32 pm
Last Updated August 23, 2024, 4:32 pm

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