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MLS: 647632
Building: Kaloko Business Center V #6
Asking Price: $450,000 Fee Simple
Sold Price: $450,000
Sold Date: 07/21/2021
Type: Commercial
District: North Kona
Street: 73-5617 Maiau St
Neighborhood: Kaloko Business Park
Baths: 1
Living Area: 1,722 SF
Style: Special Purpose
Land Area: 1.06 Acres
Parking: Assigned
Amenities: Ceilings-9'+,Exterior Lighting,High Traffic,Landscaped,Sprinkler System-Lawn,Overhead Door,Office,Restroom-Private,Storage Area,Skylight,Other (remarks)
Days on Market: 479
Year Built: 2004
Zoning: ML-1A
Roads: County,Major Thoroughfare,Paved,Street Lights
Land Recorded: Regular
Property Taxes: $3,180,.04
Assessed Value: $297,200
Assessed Ratio: 151.41%
Listing Courtesy: Kona Resort Properties
Terms Acceptable: Cash,Conventional
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PREMIER LOCATION!!! Fee Simple, Commercial Condo with Direct Street Frontage. Located on the Busy Commercial Corridor between Home Depot and Costco. Talk about High-visibility! Imagine thousands of cars driving by your business and viewing your storefront daily! Your sign is your billboard! Imagine owning your own location and never paying rent again! Imagine leasing-out the front and having your business in the back- so many possibilities! Or how about just a good commercial investment in a PRIME LOCATION with low CAM fess of only $450.22 a month!

Approximately 1,722 sq.ft. of floor space. Upfront at the street-front entry is a reception desk, a showroom, and two small offices- all with zone A/C. In back is the rear bay with roll-top door, separate entry door, bathroom with tub/shower combination, and a mezzanine above. The mezzanine is currently used for storage but could have formal stairs added and be built-out for additional work/office area. There is street parking in front on “Costco Road” and 4 assigned parking places directly behind the unit. Quality businesses located in the 12-unit complex include a rug dealer, designer, jeweler, dog groomer, performance car shop, an eatery, and a well-known Hawaiian luau entertainment company. Zoned ML-1a.

Although Seller prefers a cash offer, fixed-rate financing is available through local lenders at competitive rates with 25% down. Why rent when you can own? Incredible drive-by traffic volume in the circulation pattern for not only Costco and Home Depot, but also dozens of other popular local businesses. This type of synergy is difficult to match. Plus, the complex is Centrally Located approximately 5-miles to Kona International Airport, 3-miles to Honokohau Harbor, and 5-miles to Kailua-Kona town.

Take Queen K Hwy 19 to Hina-Lani. Turn east at the stoplight. Take second right on Kamanu. Kaloko Business Center V will be on your left, past Home Depot, just before Costco.

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