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MLS: 202424669 (Active - For Sale)
 
Asking Price: $6,853,080 FS - Fee Simple
Type: Land
District: Metro
Address: 1632 Young Street, Honolulu, HI
Neighborhood: Moiliili
Land Area: 19,460 SF
View: City,Mountain
Days on Market: 93
Year Built: 0
Zoning: 17 - AMX-2 Medium Density Apt M
Land Recorded: Regular System
Property Taxes: $1,144
Assessed Value: $3,921,600
Assessed Ratio: 174.75%
Listing Courtesy: eXp Realty
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All Land For Sale in Moiliili


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.

3 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
250950406/17/200509/16/2005$3,750,000$3,500,000
20141208006/09/201403/24/2015$4,900,000$4,000,000
20172331811/06/201706/15/2018$5,500,000$5,300,000

 
Information is deemed reliable but not guaranteed.
Copyright: 2015 by the HiCentral MLS, Ltd.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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