Listed by Cushman & Wakefield ChaneyBrooks
$2,100,000
Rare Waterfront Development
Details
APN (1) 9-8-9: 1, 8, 10
Property Type Land
Sub Type Commercial, Development Site
Lot Size (SqFt) 21,039
Zoning I-2 - Intensive Industrial District
Ownership Fee Simple
Land | 21,039 SF
Marketing description
The Property Presents an Excellent Opportunity to Develop a Brand-new Waterfront Flagship or Headquarter Location. The 21,039 Sf Site is Located 1 Block From Honolulu’s Future Rail Transit Pearlridge Station (Currently Under Construction). The Asset Falls Within the Transit Oriented Development (“tod”) Special District Which Allows for Extra Density. Current I-2 Zoning Allows for a 60-foot Height Limit and Maximum Density of 52,597 Sf. This Offering is Ideal for Both Investors, Developers and Owner-users. This Offering Has Never Been Available for Sale and Has Been Passed Down for Several Generations by the Original Owner. The Seller Has Successfully Up-zoned the Property to Business-industrial Which Has Significantly Expanded the Types of Uses Permitted on-site.
Investment highlights
- Asking Price: $2,100,000
- Address: 98-083 & 98-087 Kamehameha Highway
- Pearlridge, Hawaii
- Tax Map Key: (1) 9-8-9: 1, 8, 10
- Tenure: Fee Simple
- Land Area: 21,039 Sf
- Height Limit: 60 Feet
- Maximum Density: 52,597 Based on 2.5 Far
- Zoning: I-2 - Intensive Industrial District
- Special District: Tod Special District
- Sma/shoreline: Shoreline Setback Special Management District
- Flood Zone: D - Undetermined Flood Hazard
- Rare Waterfront Property Within the Tod Special District
- Adjacent to the Future Pearlridge Rail Station (Currently Under Construction) to Add More Regional and Urban Honolulu Accessibility
- The Bike Path and Historic Trails Immediately Fronting the Property Will Be Improved as Part of the Rail Development Thereby Enhancing the Appeal of the Property
- Near Pearlridge Center, Hawaii’s Largest Indoor Shopping Mall
- Fee Simple Owner-user Opportunity
- Ideal Major Restaurant Location With Ocean Views
- Centrally Located 400 Feet From Major Thoroughfare, Kamehameha Highway
- Irreplaceable Oceanfront Location With High Barriers to Entry
- Lack of New Development
- Diverse Consumer Base
- Within Walking Distance of Dining, Recreational Activities, Shopping and Nightlife
- Excellent Public Transportation
- Major Employment Center
Listing Contacts
Listed by Cushman & Wakefield ChaneyBrooks
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