"These approx. 2.73 acres ... on Kuakini Highway are on walking distance of the downtown Kailua-Kona village, adjoining the University of the Nations campus and immediately West of the Kona Pacific and Kona Mansions condos. The seller has obtained the zoning, 60 water permits, a new sewer line installed, and has approved plans by the Planning Dpmt. to develop Kuakini Villas LLC, a 45 two-bedroom, two-bath units of approx. 1500 sq ft of interior living area and 9 one-bedroom, one-bath units of approx. 1000 sq ft plus lanai. All phases of this project have been finalized and it is ready to go forward with building permits and construction.
The name Kuakini Villas is available if desired and the Corporate structure is in place and all of the condo documents are registered to this entity. Design and Construction plans have been completed and represent a considerable time and cost factor. Elevation is 109' above mean sea level. Flood zone designated ""X"" and determined to be outside 500 year flood plain.
Seller financing available; terms negotiable." MLS# 243800.