Kona Center Hamana Place Entrance
Kona Center Looking Makai
Kona Center South View - Front
Facing Front Parking and Kiosk
Hanama Side of Building
Kona Center Rear Driveway/Loading Dock - Mauka View
Rear Building Loading Dock and Paid Parking
Southside Rear Corner of Building
South Side Front Corner
Tenant Space Layout
Nearby National Retailers
Interior Hallway to Unit Two
Hallway to Remodeled Men's & Women's Restrooms
Newly Remodeled Women's Restroom
Women's Restroom
Newly Remodeled Men's Restroom
Men's Restroom
Paid Parking Hanama Entrance - Before New Striping
Paid Parking Hanama Place - After Striping
Reserved Parking Back of Building
Sarona Road Driveway
Paid Parking - Sarona Road Entrance
75-5722 Hanama Pl
$11,000,000
Price:
$11,000,000
Bedrooms:
0
Bathrooms:
0.05
MLS:
(ACTIVE) 713454
Interior Area:
17,000 sqft
Price/sqft:
$647
Year Built:
1978
Lot Size:
1.45 acre(s)
Land Tenure:
Fee Simple
Property Type:
Commercial
On Market:
Aug 23, 2024
Updated:
Aug 23, 2024
Foreclosure:
Standard Sale
Listing Remarks
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 Location
Public Reports
Other Details
| Address: | 75-5722 Hanama Pl , Honuaula 1st - Keopu 2nd 96740 |
| Lat/Long: | 19.6396247 | -155.99223098 |
| Taxkey: | 3750070330000 |
| Lot Number: | 17-A |
| Property Type: | Commercial |
| Half Baths: | 5 |
| Living Area: | 17,000 sqft |
| Land Area: | |
| Oceanfront Parcel: | N |
| Pool: | N |
| Utilities: |
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| Association Dues: | $0 |
| Annual Tax: | $26,656 |
| Assessed Value: | $3,434,300 |
| Assessment Year: | 2023 |
| Zoning: | V-.75 |
| Assessed Land Value: | $1,588,900 |
| Assessed Improvements Value: | $1,845,400 |
| Annual Tax (Year): | 2024 |
| Garage Area: | 0 sqft |
| Carport Area: | 0 sqft |
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