2118 Citron Street, Honolulu, HI 96826

$3,349,000
List Price
$3,349,000
Days on Market
16
MLS#
202415379
Status
ACTIVE
Type
Multifamily
Sq Ft Total
3599
Land Tenure
FS - Fee Simple
Neighborhood
Moiliili

Property Description

ATTENTION DEVELOPERS!!! Prime 12,000sf lot less than a mile between both Waikiki and UH Manoa. So much potential: Bill 7 development/ live in one, rent the others/ land bank and build later/ rent out as is—-it’s all up to you! DD includes: EDR Neighborhood Environmental Report, Geotechnical Report with boring logs and infiltration tests, a TOPO survey and conceptual plans with A-sheets and a prelim foundation design. Existing structures have 5 twos rented, one tear-down. **Development options present a variety of potential paths for the creative owner: Bill 07 possibility of up to a maximum of 60 units and 48,000sf of floor area or standard A2 zoning for up to 16,080sf that takes advantage of the city’s newest parking exemptions for multi-family developments in the PUC. Not located in a HI School Impact District, new development save BIG on DOE Impact Fees, which start at close to $3,864 and up per unit (i.e. up to over $230,000 in savings!) in a number of Honolulu neighborhoods. **Buyers to do their own dd and verify all the latest city programs and rules with the appropriate experts and agencies**

Additional Information

View
None
Zoning
12 - A-2 Medium Density Apartme
Lot Size
12,000
Frontage
Other
Sewer
Connected
Year Built
1955

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Calculator source: Real Geeks

Listing courtesy of Commercial Inv. Strategies.

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