Kona Industrial Subdivision Homes with Leasehold Land tenure

Welcome to the Kona Industrial Subdivision, a vibrant and growing community nestled in the heart of Kailua-Kona, Hawaii. Known for its stunning coastal views and rich cultural heritage, this neighborhood offers a unique blend of industrial charm and island lifestyle, making it a sought-after locale for both businesses and residents alike.

Kona Industrial Subdivision is strategically situated near the bustling Ali’i Drive, providing easy access to a plethora of local amenities, shops, and dining options. The area is characterized by its diverse mix of commercial enterprises, light industrial facilities, and residential properties, creating a dynamic atmosphere that thrives on innovation and community spirit. With the beautiful beaches of Kailua-Kona just a stone's throw away, residents enjoy the perfect balance of work and play.

One of the distinctive features of homes in this neighborhood is the leasehold land tenure. This offers a unique opportunity for potential homeowners and investors, as leasehold properties can often be more affordable than their fee-simple counterparts. With leasehold agreements typically spanning several decades, residents can enjoy the benefits of living in this picturesque locale while experiencing the rich culture and community of Hawaii.

Whether you're a business owner looking for a prime location or a family seeking a welcoming neighborhood, Kona Industrial Subdivision has something for everyone. Embrace the Aloha spirit and discover the endless possibilities that await you in this charming slice of paradise. Explore your future home in Kailua-Kona today!

Newest Kona Industrial Subdivision Homes with Leasehold Land tenure

$140,000

1 Beds ⋅ 1 Baths ⋅ 732427 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.

74-5618 Palani Rd Unit A4, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$115,000

1 Beds ⋅ 1 Baths ⋅ 732315 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. A rare chance to own near the Kailua-Kona pier. This freshly updated one-bedroom leasehold condo at Kona Kai sits close to Alii Drive, downtown restaurants, and KTA Super Store, at a fraction of the cost of nearby fee-simple condos. Second-floor unit in one of Kailua-Kona's most central locations, just 0.3 miles from the pier and Alii Drive, so swimming, shopping, and strolling are right outside your door. This unit has an open lanai (although owners can screen in lanais) and an ultra prime parking spot right outside the door. Recently updated with new laminate flooring, fresh paint throughout, new bathroom vanity and shower surround, and new kitchen appliances — including a gas range which is a rare treat when it comes to condo living. Land lease through 2034, this is a cash-only purchase, not financeable. CV-10 zoning and HOA rules both allow short-term vacation rental use (STVR/TAR permit not yet obtained, to be secured separately by buyer), offering ultimate flexibly to cover carrying costs when not in use. Whether you're looking for a home base or a place to get away, this condo puts your Kona dream within reach. Kona Kai amenities: large community pool with expansive pool deck, BBQ area, on-site coin laundry, outdoor shower for rinsing off.

74-5618 Palani Rd Unit L2, KAILUA KONA

Listing courtesy of Knutson & Associates.

$180,000

2 Beds ⋅ 1 Baths ⋅ 730692 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Discover island living in this beautifully updated, turnkey 2-bedroom, 1-bath condominium ideally located in the heart of Kailua-Kona. Enjoy ocean views and an unbeatable location just moments from the iconic Ironman finish line, Kona Pier, local markets, grocery stores, restaurants, shopping, and the sparkling Pacific Ocean. Currently operating as a successful vacation rental, this fully furnished condo presents an excellent opportunity for investors seeking income potential or buyers looking for their own private island getaway. Thoughtfully updated and move-in ready, it offers the perfect blend of comfort, convenience, and the Kona lifestyle. Residents and guests enjoy access to a community pool, and the monthly maintenance fee includes water, sewer, gas, trash service, landscaping, pool maintenance, and quarterly pest control. For added convenience, the property features newly installed coin-operated washers and dryers. Whether you're searching for a Hawaii retreat, a vacation rental investment, or both, this centrally located condo is ready to welcome you. 🌺

74-5618 Palani Rd Unit F7, KAILUA KONA

Listing courtesy of First Island Realty, LLC.

$125,000

1 Beds ⋅ 1 Baths ⋅ 730968 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. This well-maintained beautiful condo boasts many upgrades. Perfect location in Kona Town. Short walk to restaurants, shopping and waterfront. This unit located on the 1st floor has newer AC units, Dishwasher, Ceiling Fans, Garbage disposal. This property is approved for short term vacation rentals. This cozy dual-purpose unit is turnkey and ready to move in and/or renting on Airbnb immediately. Snowbird owners live here January through March, and it is currently Airbnb rented with a 4.7 rating.

74-5618 Palani Rd Unit I5, KAILUA KONA

Listing courtesy of Transworld Realty LLC.

$129,000

1 Beds ⋅ 1 Baths ⋅ 730805 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. CASH BUYERS ONLY Step into opportunity. Beautifully remodeled 1 bedroom, condo with courtyard views and a desirable Kona location. Currently a Popular and Profitable STVR with 2025 Gross rental income over $55,000. KEY FEATURES: PRIME LOCATION: Situated in the heart of Kailua-Kona, this condo offers unparalleled access to pristine beaches, vibrant nightlife, and shopping/dining options. Guests will delight in the convenience of exploring the area's top attractions within minutes. EXQUISITE REMODEL: Meticulously redesigned with modern elegance. From sleek bamboo floors in the kitchen to designer fixtures, every detail has been carefully chosen to offer an interior space comfort, and function. ACCOMMODATIONS: With a large bedroom, residents can unwind in comfort in the bedroom, which has a large closet and an individual air conditioner. KITCHEN: Fully-equipped kitchen, complete with new appliances, quartz countertops, and ample cabinet space. AMENITIES: A sparkling swimming pool, laundry center, assigned parking, and lush tropical landscaping. Whether seeking a lucrative investment opportunity or a personal retreat, this condo offers the best of both worlds. With a proven track record as a profitable vacation rental, you can maximize your returns while enjoying the flexibility to escape to paradise whenever you desire.

74-5618 Palani Rd Unit M6, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$3,400,000

4 Baths ⋅ 294399 MLS ⋅ ['Leasehold'] Tenure

Fantaastic Income opportunity for the right Buyer. Property has a Pizza Hut and Taco Bell and has a fantastic central location in Kailua Kona

74-5620 Palani Rd, KAILUA KONA

Listing courtesy of Go Commercial, LLC.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.