

Listed by Colliers - Honolulu, Hawaii
$27,000,000
Coconut Beach Resort
Details
Property Type Hospitality, Land
Sub Type Commercial, Resort Development
Acreage 20.970
Zoning RR-20
Ownership Fee Simple
Sale Condition Distressed
Hospitality | 0 Keys
Marketing description
The Coconut Beach Resort (the “Property”) development site consists of nearly 21 acres of prime entitled, oceanfront, resort-zoned land on the beautiful Hawaiian Island of Kauai. Located along the Royal Coconut Coast of Kauai, the Property is fronted by pristine white sand beaches, backed by majestic mountains, and surrounded by great hiking, dining, shopping and historical sites. The Property is entitled to 343 condominium units and 6 hotel units. The entitlement process on Kauai is known to be challenging; however, building permits have already been submitted to the County of Kauai (2018), which will provide a developer substantial time and cost savings during the pre-development stage. Coconut Beach Resort is being sold via foreclosure sale.
Investment highlights
- Fee simple offering
- Property is ideal for a resort Developer
- Desirable oceanfront location in Kapaa, a central location forvisitors wishing to travel to all corners of Kauai
- Desirable entitlements in place with 343 condominium and 6 hotel units
- Parcels are vacant or under-utilized, providing the opportunity for assemblage and larger-scale redevelopment
- Ideally located oceanfront land in resort-zoned area
- 20+ acres allow for sizable development project
- Kauai has experienced a resurgence in interest from adventure travelers in recent years as an experiential vacation spot
- Limited resort development, in particular oceanfront opportunities throughout the state of Hawaii
- Site is flat with infrastructure delivered to site
Listing Contacts


Listed by Colliers - Honolulu, Hawaii
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Zoning
RR-20 SpecialResort
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