75-5699 Kopiko St - Freestanding FOR SALE


Kailua Kona, HI 96740
$7,500,000 USD
808-300-0268
75-5699 Kopiko St, Kailua Kona, HI for Sale
$7,500,000 USD
Freestanding - FOR SALE
1/24
null | 5.25% Cap Rate

75-5699 Kopiko St
Kailua Kona, HI 96740


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.
  • Unbeatable accessibility to Highway 11 and the Kona International Airport, all complemented by convenient, free on-site and street parking.
  • Poised for redevelopment and zoned CG-20, ideal for a wide range of commercial uses like a gym, spa, medical, retail, office, and more.
  • Prime Downtown Kona destination, surrounded by major tenants such as Walmart Supercenter, Safeway, CVS, Starbucks, and Fish Hopper Kona.
  • Capitalize on heavy foot and vehicle traffic, over 130,762 vehicles daily travel along Palani Road, allowing excellent visibility for signage.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

3C

APN/PARCEL ID

3-7-5-004-038-0000

ASK ABOUT THIS PROPERTY

Jeff LeeThe Club in KonaMore Info
808-300-0268

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Jeff LeeThe Club in KonaMore Info
808-300-0268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.