Richard Wheelock
(808) 753-3167
Pacific Realty Organization LLC

Not Available
(ACTIVE) 652762
Interior Area:
Not Available
Year Built:
Not Available
Lot Size:
61.75 acre(s)
Land Tenure:
Fee Simple
Property Type:
Vacant Land
On Market:
Aug 15, 2021
Jun 28, 2022

Listing Remarks

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.

Property Location

Public Reports

Other Details

Address: Waiaha 1st - Puapuaanui 1st 96740
Lat/Long: 19.62214043 | -155.97342642
Taxkey: 3750170010000
Lot Number: 2
Property Type: Vacant Land
Full Baths:
Three Quarter Baths:
Half Baths:
Quarter Baths:
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $131,265
Assessed Value: $12,396,000
Assessment Year: 2021
Zoning: CN-20
Assessed Land Value: $8,902,900
Annual Tax (Year): 2015
Garage Area: 0 sqft
  • Rock/Stone
Lot Description:
  • Rocky
  • County
  • Major Thoroughfare
  • Paved
  • State
  • Rolling Terrain
TV Availability:
  • Cable
  • Sewer-Not Connected
The View:
  • Coastline
  • Ocean
  • Sunset
CSB** : 2.5%
** Cooperating Broker Compensation: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.