Fee Simple Development Land In Waikiki - Honolulu, HI
Submit Offer By: February 6, 2012
Sales Price: $3,999,999
Tenure: Fee Simple
Land Area: 28,761 SF
Max. Gross Area Allowed: 71,902 SF
Zoning: B-2, Community Business District
Height Limit: 60 Feet
The property offers an excellent development opportunity, ideal for a retail or office owner-user with the need to be based in or near Waikiki. There is potential to develop a multi-level building on the site with current B-2 (Community Business District) zoning allowing for a 60 foot height limit. Based on a 2.5 F.A.R., the maximum building area allowed on the site is 71,902 square feet of gross area. There are few fee simple development opportunities in Waikiki. The property has approximately 155 linear feet of street frontage along Kalakaua Avenue at the gateway into Waikiki. Over 30,000 cars pass by the Property daily.
Property Highlights
Potential multi-level building site
Ideal for an owner-user flagship or headquarters
60 foot height limit
Few fee simple development opportunities in Waikiki
Location Highlights
Excellent street visibility along Kalakaua Avenue with approximately 155 linear feet of street frontage
Over 30,000 cars pass by the property daily
Located at the gateway into Waikiki within the Kapiolani Corridor
Across from Hawaii's Convention Center
Walking distance to Ala Moana Beach, Ala Moana Center and Waikiki with shopping, restaurants and nightlife
Centrally located on Oahu in the major City of Honolulu
