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Queen Ka’ahumanu Hwy 24.22 Acres of Industrial Land in Kailua Kona, HI 96740

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Investment Highlights

Entitlements have been secured, supporting a development-ready project.
Graded site with major off-site infrastructure improvements completed.
Minutes from Kona International Airport and major national retailers.

MCX-20 zoning permits a wide range of industrial and commercial uses.
Located within a designated Opportunity Zone.
Positioned near the planned West Hawaii Queen’s Hospital development.

Executive Summary

This ±24.4-acre industrial and commercial mixed-use development opportunity offers investors and developers the ability to acquire a substantially advanced project in Kailua-Kona, one of Hawaii Island’s primary commercial and industrial markets. The property is being offered for sale and is positioned to benefit from limited industrial land availability across Hawaii, where vacancy remains exceptionally low and new development opportunities are constrained by zoning and entitlement barriers.
The site has completed the entitlement process, has been graded, and has secured the majority of required off-site improvements, creating a pathway for accelerated development timelines. Utilities have been planned or stubbed to the property, including water allocations and electrical infrastructure. The MCX-20 zoning designation allows a broad range of industrial and commercial uses, including warehousing, distribution, light manufacturing, laboratories, medical uses, retail, and office development.
The property's location along Queen Ka’ahumanu Highway provides direct regional connectivity and convenient access to Kailua-Kona's commercial core. The site is located minutes from Kona International Airport and near major retail destinations including Costco and Home Depot. Additional demand drivers include the planned West Hawaii Queen’s Hospital campus, a major healthcare investment expected to expand employment and commercial activity in the area. The property is also located within a designated Opportunity Zone, providing potential tax advantages for qualifying investments.
Conceptual planning has been completed for a multi-building industrial condominium project, reflecting demand for modern industrial product in a market characterized by aging inventory and limited new supply. The combination of entitlements, infrastructure progress, flexible zoning, and strategic location creates a compelling development opportunity for investors seeking exposure to Hawaii’s industrial and commercial real estate market.

Property Facts

Sale Type	Investment	Proposed Use	Commercial Industrial
No. Lots	1	Total Lot Size	24.22 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Industrial
Zoning	MCX-20 - Industrial Commercial Mixed - Minimum land area of 20,000 square feet required for each building site.

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Proposed Use	Commercial Industrial
Total Lot Size	24.22 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MCX-20 - Industrial Commercial Mixed - Minimum land area of 20,000 square feet required for each building site.

1 Lot Available

Lot

Lot Size	24.22 AC

Lot Size	24.22 AC

Approximately 24 acres of entitled industrial/commercial MU land in Kailua-Kona, Hawaii. Graded site with major infrastructure improvements completed, MCX-20 zoning, utility access, and proximity to Kona International Airport and major retailers

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