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NEC Waikoloa Rd & Paniolo Ave
Waikoloa, HI 96738
Generational Multi-Family/Residential Develop · Land For Sale · 14.62 AC

Investment Highlights

  • Up to 477 units (35 du/acre) By-Right with planning staff approval
  • Strong adjacent residential values, high barrier-to-entry market, & severe housing shortage justify single-family/townhome project
  • North of 7% yield on cost, 40%+ gross profit margin projected on multi-family/single-family or townhome development proformas
  • Zoning allows multi-family, single-family residential, hospitality, commercial, and/or mixed-use
  • Excellent multi-family market fundamentals; $3.25 PSF+ multi-family rents in rent survey, 2% vacancy, 5%+ annual rent growth
  • Irreplaceable location across from Waikoloa Resort | Affluent trade area | Average Household Income is greater than $100,000

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
Total Lot Size 14.62 AC
Zoning CV-20

Property Taxes

Property Taxes

Parcel Number
3-6-8-002-053-0000
Land Assessment
$3,810,400
Improvements Assessment
$0
Total Assessment
$3,810,400
  • Listing ID: 23640572

  • Date on Market: 7/9/2021

  • Last Updated:

  • Address: NEC Waikoloa Rd & Paniolo Ave, Waikoloa, HI 96738

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