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Address Not Published

Kailua-Kona, HI 96740
  • $8,500,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 652762
UPDATED: 28 min ago
$8,500,000
  • 0
    BEDS
  • 61.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
Area:

School Ratings & Info

Description

Infill urban mixed-use development project, shovel ready. Fronts both Queen Ka'ahumanu and Kuakini Highways. Includes five parcels of land (3/7-5-17:001; 039; 19; 23; & 26 zoned CN-20 [commercial]; RM-2.5 [multi-family residential]; and A-5a [agricultural] respectively). Master plan and Zoning Ordinances call for 226 affordable rental units; 160 market priced units (For Sale or Rental); and up to 74,600sf of commercial space on two parcels. Remaining two parcels need re-zoning, or can be used for Ag purposes. Sale includes 510 water credits, archeological reports, plans, and permits. Long-time owners and sellers are estate planning and have priced this project TO SELL at almost $4,000,000 BELOW ASSESSED VALUE!! PLUS the property is in the Kona OPPORTUNITY ZONE!! Rare opportunity for development of great mixed use project in the middle of Kona's Golden Corridor, halfway between Kailua-Kona Village and Keauhou Resort, the sweet spot of the Kona District. High barrier to entry market, strong demand for both Rental and For Sale housing, great demographics in this neighborhood. As good as it gets!! More details and info available.

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© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2021-12-04T19:34:23.47.
www.iokuasales.com/homes/120506779
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Address Not Published Kailua-Kona, HI 96740

  • Price: $8,500,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 28 min ago
  • MLS #: 652762
0
Beds
0
Baths
0
½ Baths
61.75
Acres
Neighborhood:
Waiaha 1st - Puapuaanui 1st
Area:
North Kona
Property Description
Infill urban mixed-use development project, shovel ready. Fronts both Queen Ka'ahumanu and Kuakini Highways. Includes five parcels of land (3/7-5-17:001; 039; 19; 23; & 26 zoned CN-20 [commercial]; RM-2.5 [multi-family residential]; and A-5a [agricultural] respectively). Master plan and Zoning Ordinances call for 226 affordable rental units; 160 market priced units (For Sale or Rental); and up to 74,600sf of commercial space on two parcels. Remaining two parcels need re-zoning, or can be used for Ag purposes. Sale includes 510 water credits, archeological reports, plans, and permits. Long-time owners and sellers are estate planning and have priced this project TO SELL at almost $4,000,000 BELOW ASSESSED VALUE!! PLUS the property is in the Kona OPPORTUNITY ZONE!! Rare opportunity for development of great mixed use project in the middle of Kona's Golden Corridor, halfway between Kailua-Kona Village and Keauhou Resort, the sweet spot of the Kona District. High barrier to entry market, strong demand for both Rental and For Sale housing, great demographics in this neighborhood. As good as it gets!! More details and info available.
Exterior Features

Fence Rock/Stone Frontage Highway/FreewayRoad/Street Land Tenure Fee Simple Lot Description Rocky Ocean Front N Pool N Roads CountyMajor ThoroughfarePavedState Topography Rolling Terrain View CoastlineOceanSunset

Property Features

Assessed Value 12396000 Assessment Year 2021 Distressed Standard Sale Lava Zone 4 Lot Number 2 Phone Service CableLand Line Power Overhead Property Type Land Sewer Sewer-Not Connected Solid Waste Disposal None Tax Key 375017001 Taxes 131265.00 Terms 1031 ExchangeCashConventional Tv Availability Cable Water County Zoning Cn-20

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Pacific Realty Organization Llc.


© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2021-12-04T19:34:23.47.
 
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