2.8 Acre Commercial Development Site

2.8 Acre Commercial Development Site

2.8 Acre Commercial Development Site

Kailua-Kona, Hawaii

Minimum Bid Only $3,900,000

Previously $6,999,000

October 29

Auction Date

Property Highlights

Zoning
Commercial

Lot Size
2.82 Acres (approx.)

Buildable
Approx. 35,000 sq. ft. (potential)

Features
High-visibility location
Water views
Various potential uses

Neighbors
Lowe's
Walmart
Starbuck's
Safeway
And more

Listing Broker
Cindy Wild
Premier Island Properties

How to Participate

Download Brochure Click Here
Review Due Diligence Information Click Here
Receive email access to the Due Diligence Information, which includes site studies, zoning information, and more.
Submit Bid by Deadline: Thursday, October 29 at 4pm local time
You must submit (a) a written bid and (b) 10% deposit (by bank check or wire) by the bid deadline (4pm local time on October 29). Instructions are included in the Due Diligence Information.

Buyer’s Premium 3%. Broker Participation Invited.

Property subject to prior sale. Submit bid at anytime.

Unobstructed coastline/ocean views!Prime commercial lot in the heart of Kailua Kona ready to build. High traffic area located between Walmart, Lowe’s, Safeway, Starbucks, and more! The property consists of 4 lots totaling 2.82 acres with the same zoning as Walmart and Safeway. Perfect for high visibility retail, office, restaurant, medical and more. Retaining rock walls, engineered, and graded lots ready to build-out, with utilities stubbed to each lot! Listing broker Cindy Wild (license number RB-21283 with Premier Island Properties (license number RB-22237), 75-5995 Kuakini Hwy Ste. 605, Kailua Kona, HI 96740 33180, 808-938-0779. PRUSA LLC d/b/a Paramount Realty USA is a marketing firm specializing in auctions.

Date: 04/25/2024 Property: 2.8 Acre Commercial Development Site

The undersigned, on behalf of him/herself along with each of his/her respective affiliates, principals, agents, successors and assigns (collectively, “Bidder”), hereby agrees to the following, in order to access certain information from PRUSA LLC d/b/a Paramount Realty USA (collectively, “PRUSA”):

1. Bidder hereby acknowledges its interest in Property for purpose of potentially purchasing same and wishes to access certain information, including proprietary and confidential information, pertaining to the Property (the “Due Diligence Information”).
2. Bidder agrees that the Due Diligence Information, as well as all other information provided in connection herewith, is provided for informational purposes only. Some information was furnished by outside sources and PRUSA makes no representations or warranties of any kind about the completeness, accuracy, reliability, suitability, availability or of any other nature regarding any information, including, but not limited to, figures, facts, descriptions, measurements, data, products, services, related graphics, and any representations contained therein. PRUSA hereby expressly advises Bidder not to rely on such information, and to independently conduct any and all studies, investigations, reports, searches and other inquiries before proceeding with the purchase of Property. No warranty or representation, express or implied, is made by seller(s), its listing agent(s) or PRUSA, or their respective employees or agents (collectively, “Seller Group”), as to the accuracy or completeness of any information.
3. Bidder agrees to keep the Due Diligence Information and all other information provided by Seller Group confidential and agrees not to disseminate same to any third-parties (except to partners, lenders, advisors and others in connection with the purchase of the Property) without the prior written consent of PRUSA. In no event will PRUSA be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, for any matter in connection herewith or in connection with any information contained in, or accessible through, the Due Diligence Information, including the inaccessibility of any virtual data room, online bidding platform or website that PRUSA or any other may make available, or otherwise. PRUSA may make available, or otherwise. Notwithstanding anything to the contrary, by its signature below and/or by accessing any information contained in the Due Diligence Information, Bidder agrees to the terms hereof and to the terms of sale, as set forth in the Due Diligence Information or elsewhere by PRUSA, and to forever and unconditionally release PRUSA from any cause or claim, whether in connection herewith, the Property, or otherwise.
4. Bidder understands that any unauthorized disclosure, distribution or use of such information may result in personal liability and penalties under the law.
5. No verbal statements may be relied upon.
6. Bidder hereby expressly, unequivocally and unconditionally releases PRUSA and Seller Group, and each of their respective representatives, affiliates, principals, agents and assigns from any liability whatsoever in connection with any matter relating to the Property or the purchase thereof.
7. Bidder agrees not to circumvent, or seek to circumvent, PRUSA in any manner regarding any interest in Property or in any other property or opportunity presented by PRUSA for a period of 1 (one) year from the date hereof.
8. This agreement shall be governed by the laws of the State of New York. Any claim arising out of or related to this document or any property, auction or transaction(s) contemplated hereunder shall be submitted to binding arbitration conducted by the American Arbitration Association, New York County (or at such venue as may be prescribed by law), pursuant to their rules relating to real estate disputes. The parties agree to submit the dispute to 3 (three) arbitrators chosen pursuant to AAA Rules. This shall be the sole remedy for any resolution of a dispute and the parties hereby consent to the exclusive jurisdiction of the American Arbitration Association.

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