United StatesHawaiiKailuaKAILUA-KONA HI 96740

KAILUA-KONA HI 96740
KAILUA-KONA HI 96740 Kailua, Hawaii 96740 United States

$8,500,000
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Pacific Realty Organization LLC

Listing Courtesy of Pacific Realty Organization LLC
$8,500,000
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61.746 Acres
Exterior
Single Family Homes
Property type
652762
Web Id
652762
MLS ID
WAIAHA 1ST - PUAPUAANUI 1ST
Subdivision
Hawaii Department of Education
School District
46
days ago

About KAILUA-KONA HI 96740

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.

Listing Courtesy of Pacific Realty Organization LLC

PROPERTY INFORMATION

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Coastline, Ocean, Sunset
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Listing Courtesy of Pacific Realty Organization LLC

Pacific Realty Organization LLC

Listing Courtesy of Pacific Realty Organization LLC
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