82-6115 HAWAII BELT RD, CAPTAIN COOK, HI 96704

Property Description

Welcome to this exceptional property in the heart of Captain Cook! Spanning an impressive 7 acres, this parcel offers a unique opportunity for versatile development. With dual zoning in place, the frontage along the highway boasts a desirable Commercial zoning, while the remaining acreage behind is zoned as Agricultural 1 acre. The Sellers obtained tentative subdivision approval from the County. This significant achievement outlines the necessary conditions required to obtain final subdivision approval, providing the buyer with a clear path forward for development. Conducting due diligence for further development becomes more manageable with the assistance of this tentative approval, allowing for a more accurate determination of costs and feasibility. There are seven available water units, as confirmed by the Department of Water Supply. Four installed and 3 reserved with a deposit This information can be found in the attachment provided. Noteworthy progress has already been made on the site. A demolition permit was previously obtained for the old Kona Theater, and a comprehensive Historic American Buildings Survey has been completed, ensuring that any historical significance is duly noted. While there are existing structures on the property, such as an old farm dwelling and an old auto repair shop, it is important to note that they are in poor condition. However, these structures provide potential for renovation or replacement, offering the buyer a chance to shape the property to their vision. Finally, the property's magnificent ocean views add to its allure. With some previous grading evident, the land is primed for development, providing a solid foundation for any future construction.