For Sale: Active

614 Wailepo St
Kailua, HI 96734

$4,600,000 (FS)
List Price
Property Type:
Lots/Acres/Farms
Bedrooms:
--
Full Baths:
--
Half Baths:
--
Land Area (sf):
20,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
----
MLS #:
202107506
TMK:
1-4-3-059-095-0000
List Date:
Island:
Oahu
Region:
Kailua
Neighborhood:
COCONUT GROVE

REMARKS:

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.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
--
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$3,334,600
Assd. Val. Imprv:
$262,400
Assd. Val. Total:
$3,597,000
Tax Year:
2021
Monthly Taxes:
$1,108
Home Exempt.:
--

SCHOOLS:

Elementary School:
Kailua
Middle School:
Kailua
High School:
Kailua

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, June 22, 2021.  Information is deemed reliable but not guaranteed.  Copyright: 2021 by HiCentral MLS, Ltd.  Listing courtesy of Standard Management LLC