75-1000 HENRY ST, KAILUA-KONA, HI 96740
A class "A" property offering superior cash flow and ROI.
Listing Provided by: Joel K. LaPinta
MLS #: 719905
MLS #: 719905
Description
This is a leasehold property. Thirty-four years remain on the ground lease with known rent for the next thirteen years. The property provides significant cash flow and return on investment while owning a trophy mixed-use office and retail building with the best location in its market area of Kailua-Kona, on the Island of Hawai'i. Planet Fitness, the anchor tenant, occupies the entire first floor with 7 years and 8 months remaining, with three 5-year options and 12% rent increases every 4 years. A strong tenant mix on the 2nd floor, with escrow, legal, business, government, and wealth management services.
Property Details
Price: $9,500,000
Sold Price:
Address: 75-1000 HENRY ST, KAILUA-KONA, HI 96740
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Sold Price:
Address: 75-1000 HENRY ST, KAILUA-KONA, HI 96740
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Total Bedrooms:
Total Bathrooms: 4
Full Baths:
Living Area: 33,598 Square Feet
Listed by: Joel K. LaPinta
Year Built: 1997
Levels: Two
Year Built: 1997
Levels: Two
Features and Amenities
Interior Features:
Exterior Features:
View: City, HIS Sunset, Ocean
Pool:
Pool Features:
Appliances:
Fireplace Features:
Flooring:
Security: None
Laundry:
Fireplace Features:
Flooring:
Security: None
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features:
Additional Structures:
Home Warranty:
Carport Spaces:
Parking Features:
Additional Structures:
Home Warranty:
Community Information
Project Name:
Subdivision Name: LANIHAU 1ST - HIENALOLI 1ST
Association Fee: $0 Monthly
Subdivision Name: LANIHAU 1ST - HIENALOLI 1ST
Association Fee: $0 Monthly
Stories:
Year Established:
Year Established:
Lava Zone: 4
Flood Zone: A, X
Flood Zone: A, X
Land Information
Lot Size: 64,837 Square Feet
Waterfront:
Land Lease Rent: $175,000
Lease Type:
Land Tenure: Leasehold
Waterfront:
Land Lease Rent: $175,000
Lease Type:
Land Tenure: Leasehold
Lot Features:
Frontage: a:0:{}
Frontage Type:
Roads: County, Major Thoroghfare, Paved, State, Street Lights
Roads Frontage Type: HIS Road/Street
Frontage: a:0:{}
Frontage Type:
Roads: County, Major Thoroghfare, Paved, State, Street Lights
Roads Frontage Type: HIS Road/Street
Zoning: CG-20
Horse Amenities:
Horse Amenities:
Additional Details
Assessed Tax Value: $8,276,200
Annual Tax: $89,585
Tax Year: 2024
Tax Lot: 1
Tax Block:
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: Private Contractor
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: Private Contractor
First Listed April 29, 2025, 11:28 am
Last Updated May 1, 2025, 5:47 pm
Listing Conditions: Leasehold, Standard
Property Condition:
Financial Info Available:
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