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75-5699 Kopiko St 25,770 SF 89% Leased Retail Building Kailua Kona, HI 96740 $10,368,750 CAD ($402.36 CAD/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • For sale or a joint venture opportunity, 75-5699 Kopiko Street is a 25,000-square-foot commercial property encompassing two buildings on 1.38 acres.
  • Poised for redevelopment and zoned CG-20, ideal for a wide range of commercial uses like a gym, spa, medical, retail, office, and more.
  • Capitalize on heavy foot and vehicle traffic, over 130,762 vehicles daily travel along Palani Road, allowing excellent visibility for signage.
  • Unbeatable accessibility to Highway 11 and the Kona International Airport, all complemented by convenient, free on-site and street parking.
  • Prime Downtown Kona destination, surrounded by major tenants such as Walmart Supercenter, Safeway, CVS, Starbucks, and Fish Hopper Kona.

EXECUTIVE SUMMARY

75-5699 Kopiko Street comprises two expansive buildings totaling 25,770 square feet situated on 1.38 acres in the heart of Downtown Kailua-Kona. This rare fee simple offering is zoned CG-20, providing versatile opportunities for commercial development, retail, office spaces, or mixed-use projects. With multiple tenancies with five-year leases, the property has a proven track record of stability for occupants. Visitors and tenants can also take advantage of ample free parking.

Home to Kona's premier fitness, spa, and wellness center since 1988, The Club Kona, the building features a weightlifting and fitness gym, studio spaces for fitness classes, a lap pool and jacuzzi, a chromotherapy steam room, and an outside deck with views. A rehabilitation center, spa, and café are also conveniently located inside. The property's strategic location ensures high visibility and easy access, making it ideal for businesses seeking a prominent presence in one of Hawaii's most vibrant commercial districts.

Located in the heart of Kona, an area bustling with steady pedestrian flow from those visiting and locals coming into town for shopping, dining, and entertainment. 75-5699 Kopiko Street has easy accessibility from main throughfares like Highways 11, 19, and 190, which encircle the Island of Hawaii. To reach those near and far, the Kona International Airport is only 8 miles away. Several cruise ships embark here, as Kona has some of the world's top-rated beaches, and many celebrities reside here.

The buildings are fully leased, and a 1.5% cooperating commission to any broker legally representing a client of theirs in the purchase, payable on closing. Contact Jeff@theclubkona.com for financial details, and do not disturb tenants. Listing agents must accompany all showings. To view interior images of the main building, go to The Club Kona website, which is hyperlinked below.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,770 SF
Building Class
B
Year Built
1983
Price
$10,368,750 CAD
Price Per SF
$402.36 CAD
Cap Rate
5.25%
NOI
$544,359 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
1.38 AC
Opportunity Zone
Yes
Zoning
3C - CG-20 Commercial
Frontage
200’ on Palani Rd

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Pool
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 2 & 6
  • 2,800 SF
  • Office/Medical
  • -
  • Now

This 2,800-square-foot unit offers a unique layout previously used as a rehab facility. Unit 6 features a private entrance, providing a discreet and convenient access point for clients or staff. Unit 2 is the reception space for Unit 6. With seven existing treatment rooms, this space is ideally suited for wellness services, medical practices, therapy offices, and a range of other business needs. An added bonus is the option to lease an additional private spa space with five more treatment rooms, giving businesses the flexibility to expand or cater to a variety of services. Located within The Club Kona with private parking.

  • 4
  • 1,880 SF
  • Office/Retail
  • -
  • 90 Days

This 1,800-square-foot unit offers a unique layout previously used as a rehab facility. Unit 4 is an additional private spa space with five more treatment rooms. This space has a private entrance, providing a discreet and convenient access point for clients or staff. The potential to be combined with Unit 6 is possible, adding seven more treatment rooms to add versatility to a business's services. Located within The Club Kona with private parking.

Space Size Space Use Position Available
2 & 6 2,800 SF Office/Medical - Now
4 1,880 SF Office/Retail - 90 Days

2 & 6

Size
2,800 SF
Space Use
Office/Medical
Position
-
Available
Now

4

Size
1,880 SF
Space Use
Office/Retail
Position
-
Available
90 Days

2 & 6

Size 2,800 SF
Space Use Office/Medical
Position -
Available Now

This 2,800-square-foot unit offers a unique layout previously used as a rehab facility. Unit 6 features a private entrance, providing a discreet and convenient access point for clients or staff. Unit 2 is the reception space for Unit 6. With seven existing treatment rooms, this space is ideally suited for wellness services, medical practices, therapy offices, and a range of other business needs. An added bonus is the option to lease an additional private spa space with five more treatment rooms, giving businesses the flexibility to expand or cater to a variety of services. Located within The Club Kona with private parking.

4

Size 1,880 SF
Space Use Office/Retail
Position -
Available 90 Days

This 1,800-square-foot unit offers a unique layout previously used as a rehab facility. Unit 4 is an additional private spa space with five more treatment rooms. This space has a private entrance, providing a discreet and convenient access point for clients or staff. The potential to be combined with Unit 6 is possible, adding seven more treatment rooms to add versatility to a business's services. Located within The Club Kona with private parking.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,273
19,145
28,441
47,750
2029 Population
5,611
20,199
29,778
53,508
2024-2029 Projected Population Growth
6.4%
5.5%
4.7%
12.1%
Median Age
44.2
43.8
44.5
45.7
College Degree + Higher
24%
33%
32%
23%
Daytime Employees
8,207
11,389
15,543
21,460
Total Businesses
1,163
1,648
2,191
3,082
Average Household Income
$75,665
$108,129
$111,552
$119,307
Median Household Income
$63,248
$77,151
$79,824
$88,603
Total Consumer Spending
$60.5M
$251M
$382.4M
$636M
2024 Households
2,135
7,197
10,523
17,429
Average Home Value
$508,353
$676,889
$725,175
$786,536
$ values in USD

NEARBY AMENITIES

RESTAURANTS

Roasted Toasted Cafe Cafe $ In Building
KFC - - 2 min walk
Taco Bell Fast Food - 3 min walk
Burger King - - 2 min walk
Gertrude's Jazz Bar Tapas - 5 min walk
Pho Kim Ahn American - 4 min walk
KFC - - 4 min walk
Menehune Coffee - - 4 min walk
Island Breeze Luau Hawaiian $$$$ 4 min walk
Alii Buzz Coffee $ 5 min walk

RETAIL

First Hawaiian Bank Bank 4 min walk
Supercuts Salon/Barber/Spa 4 min walk
Famous Footwear Shoes 5 min walk
Sally Beauty Health & Beauty Aids 5 min walk
Cvs Pharmacy Drug Store 8 min walk
Safeway Supermarket 8 min walk
Sunglass Hut Other Retail 8 min walk
The YMCA Fitness 9 min walk
Ace Hardware Hardware 12 min walk

HOTELS

Courtyard
455 rooms
6 min walk
Holiday Inn Express
75 rooms
11 min walk
Hampton by Hilton
122 rooms
11 min walk

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-7-5-004-038-0000
Land Assessment
$2,627,521 CAD
Improvements Assessment
$3,926,037 CAD
Total Assessment
$6,553,558 CAD
  • Listing ID: 37071582

  • Date on Market: 2024-08-31

  • Last Updated:

  • Address: 75-5699 Kopiko St, Kailua Kona, HI 96740

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