75-1000 HENRY ST new Save Request In-Person Tour Request Virtual Tour
Kailua-kona,HI 96740
Key Details
Property Type Commercial
Sub Type Office,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 33,598 sqft
Price per Sqft $282
Subdivision Lanihau 1St - Hienaloli 1St
MLS Listing ID 719905
Half Baths 4
Year Built 1997
Annual Tax Amount $89,584
Tax Year 2024
Property Sub-Type Office,Retail
Property Description
This is a leasehold property. Thirty-four years remain on the ground lease with known rent for the next thirteen years. The property provides significant cash flow and return on investment while owning a trophy mixed-use office and retail building with the best location in its market area of Kailua-Kona, on the Island of Hawai'i. Planet Fitness, the anchor tenant, occupies the entire first floor with 7 years and 8 months remaining, with three 5-year options and 12% rent increases every 4 years. A strong tenant mix on the 2nd floor, with escrow, legal, business, government, and wealth management services.
Location
State HI
Community Lanihau 1St - Hienaloli 1St
Area 64837.0
Zoning CG-20
Exterior
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Connected,Underground Utilities
View Y/N Yes
View City,HIS Sunset,Ocean
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Leasehold,Standard