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- LoopNet Team
Aleka Loop
Kapaa, HI 96746
Coconut Beach Resort · Land For Sale
·
20.97 AC
INVESTMENT HIGHLIGHTS
- Property is ideal for a resort Developer
- Desirable entitlements in place with 343 condominium and 6 hotel units
- Ideally located oceanfront land in resort-zoned area
- Desirable oceanfront location in Kapaa, a central location for visitors wishing to travel to all corners of Kauai
- Parcels are vacant or under-utilized, providing the opportunity for assemblage and larger-scale redevelopment
- 20+ acres allow for sizable development project
PROPERTY FACTS
| Property Type | Land | Proposed Use | Hotel |
| Property Subtype | Residential | Total Lot Size | 20.97 AC |
| Zoning | RR-20 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Hotel |
| Total Lot Size | 20.97 AC |
| Zoning | RR-20 |
DESCRIPTION
The Coconut Beach Resort (the “Property”) development site consists of nearly 21 acres of prime entitled, oceanfront, resort-zoned land on the beautiful Hawaiian Island of Kauai. Located along the Royal Coconut Coast of Kauai, the Property is fronted by pristine white sand beaches, backed by majestic mountains, and surrounded by great hiking, dining, shopping and historical sites. The Property is entitled to 343 condominium units and 6 hotel units. The entitlement process on Kauai is known to be challenging; however, building permits have already been submitted to the County of Kauai (2018), which will provide a developer substantial time and cost savings during the pre-development stage. Coconut Beach Resort is being sold via foreclosure sale.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $16,545,100 | Total Assessment | $16,552,100 |
PROPERTY TAXES
