78-6649 ALII DR, KAILUA KONA, HI 96740

Property Description

This rare offering includes three contiguous properties located on the mauka side of Alii Drive just a short walk from iconic Kahaluu Beach and surf break. The properties are all favorably zoned V-1.25: Resort-Hotel District whereby Short Term Vacation Rentals are permissible:- (1) TMK#3-7-8-14-10 is 4,348 sqft in area and fronts Alii Drive. Located on this parcel is Kahaluu Apartments a two story apartment building comprised of 4 units. Each unit has a generous sized living area of 600sqft containing 2 bedrooms/1.5 bathrooms together with exterior covered west facing lanais. Ocean ocean views can be enjoyed from the two upper units. (2) TMK#3-7-8-14-9 is 10,125 sqft in area and has Alii Drive frontage. On this parcel is a 3 bedroom 3 bath house set well back from Alii Drive. (3) TMK#3-7-8-14-20 is 4,648 sqft in area and has easement access from Alii Drive. This parcel is a vacant lot. This offering offers serious consideration for residents, investors and developers alike. Property to be sold as one Estate and not individually. Video of Kahaluu Apartments: https://vimeo.com/902800395/716e79a90f?share=copy Video of the Residential Property: https://vimeo.com/902611406/32353eea28?share=copy