12
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Listed by eXp Realty
$6,853,080
Est. payment /mo
Active
1632 Young ST Honolulu, HI 96826
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UPDATED:
11/26/2024 12:24 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Moiliili
MLS Listing ID 202424669
Annual Tax Amount $13,725
Property Description
This rare development opportunity at 1632, 1638, and 1644 Young St. offers a level, ready-to-develop site suitable for various uses, such as Bill 7 housing, mixed-use, and medical facilities. Located on the mauka side of Young St. with parcels on all three sides, this property provides excellent potential. The maximum allowable commercial density (FAR) is 0.4 (7,784 sq ft), with a building area of up to 50% of the zoning lot (9,730 sq ft). For structures exceeding 40 feet, additional rear and side setbacks are required, with an additional 1-foot setback for every 10 feet of height. The maximum FAR is 1.4892, providing a potential floor area of 28,979.83 sq ft. Additional features include 10-foot front, side, and rear yards, with allowances for parking lots and garages in the side and rear yards, subject to specific restrictions. Renderings illustrate potential development options. Priced at $7,449,000, this listing is based on the 2018 purchase price, adjusted for property taxes and six years of compounded loan interest, calculated at rates of 4%, 5%, and 6% over successive two-year periods.
Location
State HI
County Oahu
Community Sidewalks
Area Metro
Interior
Fireplace No
Exterior
Community Features Sidewalks
Utilities Available None, Sewer Connected
View Y/N Yes
View City, Mountain(s)
Present Use Commercial,Other,Residential,Service Business
Building
Lot Description Cleared, Level
Sewer Connected
Others
Tax ID 1-2-8-001-076-0000
Special Listing Condition None
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