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75-5868 ALI‘I DR Kailua HI 96740

[Locked] • APN 3-7-5-18-11

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Details
Property Type Hospitality, Land (+2)
Sub Type Commercial
Lot SqFt 332,751
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Opportunity Zone Yes
Sold Price/SqFt ******
Days on Market ******
Owner Name Kona Hawaii Development
APN 3-7-5-18-11
USPS Vacancy Indicator N
Latitude 19.629616
Longitude -155.985560

Property History

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Property Type
Property Type
Hospitality, Land, Mixed Use, Multifamily
Property Subtype
Commercial
Marketing Description
  • FEE SIMPLE tenure in a market where many of the prime sites are leasehold

  • Irreplaceable location only steps to the shops and restaurants in Kailua-Kona

  • The elevated site provides spectacular ocean views.

  • Kailua-Kona hotel market’s boom strengthens the long-term growth prospects for this market.

  • Nestled between the ocean and Ali’i Drive, Kailua-Kona’s main thoroughfare

  • Located within a Qualified Opportunity Zone

Investment Highlights
  • Excellent long-term prospects for a strong post-Covid recovery.

  • A lack of land entitled for future hotel or resort condominium development provides an extremely high barrier to entry.

  • Hawaii’s historically strong RevPAR continues to pique the interest of institutional investors and high-net-worth investors from the US and Asia.

  • Dramatic, unprecedented growth in hotel room revenues in the Kailua-Kona market is resulting in much higher hotel valuations

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
FA
F. Kevin Aucello PRO
•••.•••.3401
•evin@•••••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: San Francisco, CA.
San Francisco, CA median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
San Francisco, CA (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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