New ListingThis multi-unit property, located off Papalina Road in a desirable Kalaheo neighborhood on the southwest side of Kauai, presents aunique opportunity to acquire an R4/Form-Based Code-zoned 1.61-acre parcel. The property consists of 10 free-standing dwellings ofvarying ages, conditions, and sizes. It offers strong potential for ongoing income generation, redevelopment, renovation, CPR(Condominium Property Regime) conversion, and the possible addition of more dwellings.The parcel consists of approximately 70,303 square feet, with moderate sloped topography and approximately 467 feet of roadfrontage, providing excellent access and flexibility for site planning and future development.Important Notes for Prospective Buyers:- If you drive by the property, DRIVE SLOWLY - 5 mph. Do not enter the property or disturb the tenants.- No showings will be allowed until a bona fide offer is conditionally accepted. Additional information is available.- All tenants are in long-term leases.- Commercial lending is available through various resources.Some of the Trust's beneficiaries live on the property and have a right of first refusal to purchase the property.
| MLS # | 732866 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 6 |
| Listing Provided By | Ohana Homes LLC | Milo KF Spindt |
| Bed(s) | 27 |
|---|---|
| Bath(s) | 13 Total |
| SQ Feet | 9,462 |
| Zoning | R-4 |
| Acreage | 1.61 |
| Property | 6720 |
|---|
| State | HI |
|---|---|
| City | Kalaheo |
| Zip Code | 96741 |
| Area | Kauai |
| Community Name | KALAHEO HOMESTEADS 1ST SERIES |
| Listing VS Median (in KALAHEO HOMESTEADS 1ST SERIES) | |
Price: $4,750,000 low | high Med: $2,924,250 sqft: 9,462 low | high Med: 5,320 $ / sqft: $502 low | high Med: $718 On site: 6 low | high Med: 38 | |
| State | HI |
|---|---|
| City | Kalaheo |
| Zip Code | 96741 |
| Area | Kauai |
| Community Name | KALAHEO HOMESTEADS 1ST SERIES |
| Listing VS Median (in KALAHEO HOMESTEADS 1ST SERIES) | |
Price: $4,750,000 low | high Med: $2,924,250 sqft: 9,462 low | high Med: 5,320 $ / sqft: $502 low | high Med: $718 On site: 6 low | high Med: 38 | |