All Oahu Listings

702 Prospect Street | Honolulu, HI 96813

Bedrooms:
4
Bathrooms:
2
Total: (Sq. ft.)
1364
Interior: (Sq.ft.)
1364
Lanai: (Sq.ft.)
--
Other: (Sq. ft.)
--
Land: (Sq.ft.)
4814
Year Built:
1935
Year Remodeled:
--
Prop. Tax:
$292.00
Maint. Fee:
$0.00
Assoc. Fee:
$0.00
MLS#:
202121149
Property Status:
Active
Type:
Single Family
Property Frontage:
 
View:
City,Ocean
$3,300,000
FS - Fee Simple
702 Prospect Street
Honolulu, HI 96813
Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 1617 Alapai St, MLS #202121143 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability. These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.