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Kailua-Kona,HI 96740
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,000 sqft
Price per Sqft $647
Subdivision Honuaula 1St - Keopu 2Nd
MLS Listing ID 713454
Half Baths 5
Year Built 2004
Annual Tax Amount $26,656
Lot Size 1.450 Acres
Property 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.
Location
State HI
Area North Kona
Zoning V-.75
Interior
Heating Air Conditioning,None
Cooling Air Conditioning,None
Flooring Ceramic Tile
Exterior
Garage Assigned,Unassigned
Fence Chain Link,Rock/Stone
Pool No
Building
Lot Description Corner
Sewer Sewer-Connected
Water County,Municipal,Meter Installed
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Other (remarks)
Listing Terms 1031 Exchange,Cash,Conventional,Other (remarks)