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MLS: 713454 (Active - For Sale)
 
Asking Price: $11,000,000 Fee Simple
Type: Commercial
District: North Kona
Street: 75-5722 Hanama Pl
Neighborhood: Honuaula 1st - Keopu 2nd
Full / 5 Half
Living Area: 17,000 SF
Style: Retail,Office,Hospitality
Land Area: 1.45 Acres
Parking: Assigned,Unassigned
Amenities: Sprinkler System-Exterior,Exterior Lighting,Floor Drain,Sprinkler System-Interior,High Traffic,Landscaped,Restroom-Public
Days on Market: 93
Year Built: 1978
Easements: Sewer
Zoning: V-.75
Roads: County,Curbs/Gutters,Paved,Street Lights
Land Recorded: Regular
Property Taxes: $26,656,.09
Assessed Value: $3,434,300
Assessed Ratio: 320.3%
Listing Courtesy: Go Commercial, LLC
Terms Acceptable: 1031 Exchange,Cash,Conventional,Other (remarks)
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Resort Zone Property with significant upside potential minimum Investment!

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.


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2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
16701111/02/200501/31/2007$160,000$155,000
15631005/18/200507/10/2006$5,300,000$4,871,862

 
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verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2014 by Hawaii Information Systems.
 
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use and may not be used for any purpose other than to identify prospective
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