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75-5580 Kuakini Hwy
Kailua Kona, HI 96740
Land For Sale
·
2.54 AC
Investment Highlights
- Single Tenant Net Lease
- Located in heart of Kailua-Kona
- Excellent Redevelopment Opportunity
- Leased Fee Interest
- Renowned Tourist Destination
- Minimal Oversight and Management
Executive Summary
The single story main facility was constructed in 1992 and consists of a 24,676 square foot multi-purpose office and production plant constructed of masonry and wood-framing and contains abundant parking and loading on a landscaped surface lot surrounding the main facility.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.54 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CV-10 - CV-10 Village Commercial zoning permits a wide variety of commercial and light industrial uses intended to serve the population in rural areas. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.54 AC |
| Opportunity Zone |
Yes |
| Zoning | CV-10 - CV-10 Village Commercial zoning permits a wide variety of commercial and light industrial uses intended to serve the population in rural areas. |
1 Lot Available
Lot
| Price | $10,564,000 CAD | Lot Size | 2.54 AC |
| Price Per AC | $4,159,055.08 CAD |
| Price | $10,564,000 CAD |
| Price Per AC | $4,159,055.08 CAD |
| Lot Size | 2.54 AC |
Description
Lessee Overview West Hawaii Today has occupied the facility on an absolute net lease basis since completion of construction in 1993 and remains responsible for all property operating expenses including the building and site maintenance. In 2014, West Hawaii Today was acquired by Oahu Publications, Inc., a subsidiary of the Canadian media company, Black Press, and in 2024, Black Press was acquired by Carpenter Media Group, a multi-market Canadian media conglomerate and hedge fund. Oahu Publications, Inc. is Hawaii’s largest print and digital media publication company Zoning Summary CV-10 Village Commercial zoning permits a wide variety of commercial and light industrial uses intended to serve the population in rural areas where a central commercial district is not readily available. Samples of permitted uses include; hotels, retail centers, business services, light industrial, amusement and recreation, hospitals, and more.
Property Taxes
| Parcel Number | 3-7-5-005-084-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,260,140 CAD | Total Assessment | $2,260,140 CAD |
Property Taxes
