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74-5040 Ane Keohokalole Highway - Honokohau Lot 14-A, Kona, HI, Kailua Kona, HI

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74-5040 Ane Keohokalole Highway - Honokohau Lot 14-A, Kona, HI

Kailua Kona, HI 96740 - Kona/West Big Island Submarket

Property Type:Land Parcel Size:29.07 Acres
For Sale Price:$4,900,000 Price/Acre:$168,559 Price/SF:$3.87

Proposed Use:Mixed Use

On-Site Improv:Rough graded

Sale Notes:
The owner is seeking a qualified developer or land investor who can take advantage of the in place zoning, entitlement, and political support for development of this site along with understanding the current market demand and limited supply of land with infrastructure in North Kona.

The sale includes the rights to 121 equivalent units (EU) of water from the County of Hawaii's Department of Water Supply (DWS) system. An EU is 400 gallons of water per day. Currently the DWS charges a facilities charge (i.e. a capital contribution) of $5,500 per EU to a property owner for the right to additional EUs subject to adequate supply and infrastructure to deliver the water. The owner of the subject Lot 14-A participated in funding the capital cost for development of the system serving the property and therefore owns the 121 units of water allocated to this parcel of land. If the Facilities Charge is increased by the DWS, then the EUs allocated to the parcel will not change nor will the increase be charged to the the owner of these EUs.

Joel K. LaPinta, CCIM
Joel LaPinta
(808) 961-0161

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