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$ 3,349,000
Est. payment /mo
Active Under Contract
2118 Citron Street Honolulu, HI 96826
12,000 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Land
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $279
MLS Listing ID 202415389
Lot Size 0.275 Acres
Acres 12000.0
Property Sub-Type Land
Property Description
ATTENTION DEVELOPERS!!! Prime 12,000sf lot less than a mile between both Waikiki and UH Manoa. So much potential: Bill 7 development/ live in one, rent the others/ land bank and build later/ rent out as is—-it's all up to you! DD includes: EDR Neighborhood Environmental Report, Geotechnical Report with boring logs and infiltration tests, a TOPO survey and conceptual plans with A-sheets and a prelim foundation design. Existing structures have 5 twos rented, one tear-down. **Development options present a variety of potential paths for the creative owner: Bill 07 possibility of up to a maximum of 60 units and 48,000sf of floor area or standard A2 zoning for up to 16,080sf that takes advantage of the city's newest parking exemptions for multi-family developments in the PUC. Not located in a HI School Impact District, new development save BIG on DOE Impact Fees, which start at close to $3,864 and up per unit (i.e. up to over $230,000 in savings!) in a number of Honolulu neighborhoods. **Buyers to do their own dd and verify all the latest city programs and rules with the appropriate experts and agencies**
Location
State HI
County Honolulu
Area Metro
Zoning Zone AO
Interior
Heating Cable, Gas, Overhead Electricity, Public Water, Sewer, Water
Exterior
Utilities Available Cable, Gas, Overhead Electricity, Public Water, Sewer, Water
View None
Building
Lot Description Clear
Sewer Connected
Others
Ownership FS - Fee Simple
Listed by Commercial Inv. Strategies