1830 Kapiolani Blvd, Honolulu, HI
Land for Sale - $6,000,000 - 0.49 acres
Property Info
CIMLS# | 998367 |
Location 1830 Kapiolani Blvd Honolulu HI 96815 | |
Updated | August 9th, 2018 |
Type | Land |
Price | $6,000,000 |
Land | 0.49 acres |
Property Description
With its BMX-3 zoning this site allows for structures up to 350'. Current owner has developed full architectural and structural plans (to city standards) allowing for 126,450 square feet (+/-)of new development. This dramatic plan, as drawn by an award winning architect, allows for 62 residential units comprising 60 800 square feet (two bedroom/two bath) units with 2 additional, three bedroom, premium penthouse units over ground floor commercial arcade.
Generous enclosed parking is provided. Clean environmental report, soils testing completed, civil engineer on board. Owner is a member of the "Kalakaua Relief Line, LLC" which is a group of neighboring developers who have negotiated an MOU with the City and County of Honolulu allowing for private funding to upgrade the existing sewer system. This upgrade will allow capacity for sewer connections to be issued for this project. Work on this line is anticipated to begin next year. City will allow project to be filed for building permit and reviewed during sewer upgrades. Units should have excellent Mountain, Canal and City Light views.
Detailed plans and reports available upon offer.
Located at the intersection of Kapiolani Boulevard and Kalakaua Avenue, 1830 Kapiolani sits at the "Gateway to Waikiki". Within walking distance to the Ala Moana Shopping Center and the Hawaiian Convention Center. This site is conveniently located along major public transit lines. Minutes from Downtown Honolulu.
* Coldwell Banker Commercial Pacific Properties; Agent Lic #RB-6718