Island of Hawaii > North Kona > WAIAHA 1ST – PUAPUAANUI 1ST, KAILUA-KONA 96740

WAIAHA 1ST – PUAPUAANUI 1ST, KAILUA-KONA 96740

North Kona | WAIAHA 1ST - PUAPUAANUI 1ST
$8,500,000 FS MLS# 652762 | ACTIVE
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    WAIAHA 1ST – PUAPUAANUI 1ST, KAILUA-KONA 96740

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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.

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Listed By: Pacific Realty Organization LLC

Price $8,500,000 FS
LAND AREA 61.75 ac
Land Tenure Fee Simple
Property Type Land
Annual Tax $131,265
MLS (Active) 652762
View Ocean, Coastline, Sunset
Tax Key 3-7-5-17-1
Days On Market 324
Price sq/ft $3.16
Zone CN-20
Previous Price $8,500,000
Roads County,Major Thoroughfare,Paved,State
Assessed Value $12,396,000

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PROPERTY LOCATION

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MLS listing information is deemed reliable but is not guaranteed by the service.

Updated

06/28/2022

LET'S TALK

We are well known along the Kohala Coast for informed and experienced guidance—not only to buyers and sellers but to the development and investor communities as well.

CONTACT US

LET US SHOW YOU THE BIG ISLAND

INQUIRY

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