Rare Opportunity to create a desired community of homes in an area where the beach access is great and housing is in demand. 5 homes existing on both parcels, tenant occupied. Area of Parcel 30: 217,800sf, or 5 acres , is offered to be sold with Area of Parcel 28: 10,146sf (MLS# 201510534) Total: Both Parcels:227,946sf
Total Area Zoned R-5: +/- 92,021sf Total Area Zoned AG2: +/-135,925sf
Existing Development Potential:Development Potential: R-5 zoned area: 92,021 x .8=73,923sf/5,000sf/lot=14 lots (@5,000sf)Development Potential: Ag-2 zoned area:135,925sf .9=122,332sf=2.8 acres= 2-3 farm lots @ 2 acres/lot So: Yield may be 227,946sf x .8 = 182,356sf/5,000/lot = 36 lots.
Also adjacent vacant land (21,780 sq ft) -53-456A Kamehameha Hwy, Hauula, HI 96717 Tax Id: 1-5-3-006-003-0000, available to purchase for $640,000 (MLS # 201510578)
Note: All information is an opinion and is subject to buyers own due diligence.