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This A-1 zoned property currently has three buildings: a 5 bed/2 bath house with basement, and two 4-unit walk-up apartments with one bed/one bath units, all separately metered, 13 parking stalls, and a coin operated laundry area. BILL 7 REDEVELOPMENT OPPORTUNITY: The purpose of the City and County of Honolulu’s Bill 7 is to establish a temporary program to accelerate the construction of affordable rental housing in the apartment and business mixed use zoning districts by relaxing certain zoning and building code standards, and offering certain financial incentives. The seller contracted with ahl architects to examine the feasibility for Bill 7 application to this property. ahl architects determined that this plot would qualify under Bill 7 and would allow for the development of a 40 to 56 unit apartment building with maximum use of the floor to area ratio. Due to its location off the H-1 freeway, with convenient access to downtown Honolulu and all areas of the island, this is an ideal spot for redevelopment under Bill 7. Learn more about the redevelopment and the property's current condition at our commercial properties page.
48 School Street Honolulu 96817 is listed Courtesy of Hawaii Sands Realty
This Multi-Family at 48 School Street Honolulu 96817 Located in NUUANU-LOWER MLS 202129420 has been listed on LocationsHawaii.com for 27 days and has been priced at $3,000,000
|03/17/2022||Status||In Escrow Showing||Sold|
|12/16/2021||Status||Active||In Escrow Showing|
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