KAILUA KONA, HI 96740

$8,500,000
List Price
$8,500,000
Days on Market
43
MLS#
652762
Status
ACTIVE
Type
Land
Land Area
2,689,656
Land Tenure
Fee Simple
Neighborhood
Waiaha 1st - Puapuaanui 1st

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.

Additional Information

Roads
County, Major Thoroughfare, Paved, State
Taxes Annual
$131265
View
Coastline, Ocean, Sunset
Lot Number
2
Zoning
CN-20
Lot Size
2,689,656
Lot Description Land
Rocky
Water
County
Power
Overhead
Frontage
Highway/Freeway, Road/Street
Sewer
Sewer-Not Connected
Assessed Value
12396000
Topography
Rolling Terrain
District
North Kona

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Pacific Realty Organization LLC.

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