The offering consists of the extremely rare opportunity to acquire the fee simple interest in 20,000 square feet of A-2 (medium density apartment) zoned land in Kailua. Included with the property are construction drawings for a 42-unit condo development, along with the condo map (already in-place) and the park dedication fee ($280,000 value!) which will be transferred to a buyer at no additional charge. The property’s level site, size, and great location make it an excellent development opportunity for market rate or affordable housing. The offering includes the vacant land as well as the existing two vacant apartment buildings with a total of 7 units (no electric meters/power currently). The lot size allows for a potential Bill 7 development.
Listing courtesy of Standard Management LLC.
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