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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.
614 Wailepo Street Kailua 96734 is listed Courtesy of Standard Management Llc
This Vacant Land at 614 Wailepo Street Kailua 96734 Located in COCONUT GROVE MLS 202107506 has been listed on LocationsHawaii.com for 179 days and has been priced at $4,600,000
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