UPDATED:
Key Details
Property Type Commercial
Sub Type HIS Food Service,Hotel/Motel,Office,Retail
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
HOA Y/N No
Originating Board Hawaii Information Service
Year Built 1978
Annual Tax Amount $26,656
Tax Year 2023
Property Sub-Type HIS Food Service,Hotel/Motel,Office,Retail
Property Description
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
Community Honuaula 1St - Keopu 2Nd
Area 63162.0
Zoning V-.75
Region North Kona
City Region North Kona
Interior
Interior Features Floor Drain, Public Restroom
Heating None
Cooling HIS Air Conditioning, None
Flooring Ceramic Tile
Exterior
Exterior Feature Lightning
Parking Features Assigned, Unassigned
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
View Y/N No
Topography Gentle Slope
Garage Yes
Building
Lot Description Corner Lot, Landscaped
Story 1
Entry Level One
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional, HIS Other
Listing Terms 1031 Exchange, Cash, Conventional, HIS Other
Special Listing Condition Fee Simple, Standard
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Travis Scott
Big Island Realtor | License ID: RS-83053
Big Island Realtor License ID: RS-83053