The offering consists of the extremely rare opportunity to acquire the land, building plans, other fees, and application with the City and County for building permits for the Kailua Lofts, a turnkey 42-unit condominium development project in the heart of Kailua. The project has already received the majority of approvals needed to start construction and the condominium map is already in-place. A buyer can pay the few remaining fees, pick up the permits, and start construction! There is currently a flat vacant lot and two existing vacant apartment buildings on the site with 7 units (no electric meters/power currently). Seller will sell the land only in the event a buyer wants to complete a different development and not assume the project fees that have already been paid.