KAILUA-KONA HI 96740

Across Queen Ka'ahumanu Highway from Pualani Estates.
KAILUA-KONA 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.

Courtesy of Pacific Realty Organization LLC

Basic Details

MLS Price Address
652762 $8,500,000 KAILUA-KONA 96740
Property Type District Subdivision
Land North Kona WAIAHA 1ST - PUAPUAANUI 1ST
Year Built Terms Assessed Value
1031 Exchange,Cash,Conventional $12,396,000
Taxes Monthly Fees Assessed Year
$131,265 2021
MLS
652762
Price
$8,500,000
Address
KAILUA-KONA 96740
Property Type
Land
District
North Kona
Subdivision
WAIAHA 1ST - PUAPUAANUI 1ST
Year Built
Terms
1031 Exchange,Cash,Conventional
Assessed Value
$12,396,000
Taxes
$131,265
Monthly Fees
Assessed Year
2021

Interior

Appliances Features Washer/ Dryer
Half Baths Full Baths Total Baths
Bedrooms Floors Total SF
Window Treatments Fireplace
Appliances
Features
Washer/ Dryer
Half Baths
Full Baths
Total Baths
Bedrooms
Floors
Total SF
Window Treatments
Fireplace

Exterior

Design View Lot Description
Coastline,Ocean,Sunset Rocky
Garage SF Fencing Lot Area
Rock/Stone 2,689,656
Tenure Lava Zone Exterior Area
Fee Simple 4
Zoning Oceanfront Pool
CN-20 N N
Roads Schools
County,Major Thoroughfare,Paved,State
Design
View
Coastline,Ocean,Sunset
Lot Description
Rocky
Garage SF
Fencing
Rock/Stone
Lot Area
2,689,656
Tenure
Fee Simple
Lava Zone
4
Exterior Area
Zoning
CN-20
Oceanfront
N
Pool
N
Roads
County,Major Thoroughfare,Paved,State
Schools

Utilities

Heating/Cooling Phone Power
Cable,Land Line Overhead
Sewer Solid Waste Disposal TV Access
Sewer-Not Connected None Cable
Water
County
Heating/Cooling
Phone
Cable,Land Line
Power
Overhead
Sewer
Sewer-Not Connected
Solid Waste Disposal
None
TV Access
Cable
Water

Building/Community Information

Building Name No. of Units Parking
Security Unit Description
Building Name
No. of Units
Parking
Security
Unit Description

Location

Last Updated: Jul 5, 2022 @ 19:20

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