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98-083 Kamehameha Hwy
0.48 Acres of Commercial Land Offered at $2,100,000 in Aiea, HI 96701
Investment Highlights
- Rare waterfront property within the TOD Special District
- The bike path and historic trails immediately fronting the property will be improved as part of the rail development thereby enhancing the appeal of t
- Fee simple owner-user opportunity
- Adjacent to the future Pearlridge Rail Station (currently under construction) to add more regional and urban Honolulu accessibility
- Near Pearlridge Center, Hawaii’s largest indoor shopping mall
- Ideal major restaurant location with ocean views
Property Facts
| Price | $2,100,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Price | $2,100,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.48 AC |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 0.48 AC |
| Price Per AC | $4,347,925.11 |
| Price | $2,100,000 |
| Price Per AC | $4,347,925.11 |
| Lot Size | 0.48 AC |
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.
PROPERTY TAXES
| Parcel Number | 1-9-8-009-001-0000 | Improvements Assessment | $2,300 |
| Land Assessment | $618,600 | Total Assessment | $620,900 |
PROPERTY TAXES
zoning
| Zoning Code | I-2 (Industrial) |
| I-2 (Industrial) |
Presented by
98-083 Kamehameha Hwy
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