614 Wailepo Street, Kailua, HI 96734

$4,600,000
List Price
$4,600,000
MLS#
202107506
Days on Market
246
Status
IN ESCROW SHOWING
Type
Land
Land Area
20,000
Land Tenure
FS - Fee Simple
Neighborhood
Coconut Grove

Property Description

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.

Additional Information

Island
Oahu
Utilities
Electricity, Public Water, Sewer, Water
View
City, Mountain, Other
Easements
None
Elementary School
Kailua
Middle School
Kailua
High School
Kailua
Lot Size
20,000
Possible Use
Church, Duplex, Multi Family
Mls Area Major
Kailua
Neighborhood
Coconut Grove
Frontage
Other
Tax Amount
$1,108
Sewer
Connected
Lot Features
Clear, Other
Restrictions
None
Assessed Total
3597000
Assessed Improvement
262400
Assessed Land
3334600

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Standard Management LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.