98-083 Kamehameha Hwy Aiea, HI 96701

Property Details for 98-083 Kamehameha Hwy

Property type

Land

Description

This exceptional 21,039 square foot commercial development site in Aiea, Hawaii, presents a unique investment opportunity. Located at 98-083 & 98-087 Kamehameha Highway, this fee simple property boasts an irreplaceable oceanfront position with high barriers to entry. The site is zoned I-2 (Intensive Industrial District), allowing for a 60-foot height limit and a maximum density of 52,597 square feet, based on a 2.5 FAR. Its location within the Transit-Oriented Development (TOD) Special District offers additional density potential. The property is conveniently situated one block from Honolulu's future Pearlridge Rail Transit Station (currently under construction), enhancing accessibility and attracting a diverse consumer base. Improvements to the adjacent bike path and historic trails, planned as part of the rail development, will further enhance the property's appeal. Nearby amenities include Pearlridge Center, Hawaii's largest indoor shopping mall, and various dining, recreational, and nightlife options. The property's central location, 400 feet from Kamehameha Highway, ensures excellent visibility and accessibility. The Tax Map Key is (1) 9-8-9: 1, 8, 10. The asking price is $2,100,000. This offering is ideal for investors, developers, and owner-users seeking a rare waterfront property with significant development potential in a thriving location. The property is in Flood Zone D - Undetermined Flood Hazard and is also within the Shoreline Setback Special Management District.

Location Insight

City

Aiea

County

Honolulu

State

Hawaii

Longitude

-157.947

Latitude

21.3837