Anthony Provenzano, Joseph Haas, and Andrew Starn of Cushman & Wakefield ChaneyBrooks in Honolulu are leading the sales effort. Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group in San Diego are providing market advisory. The property is being offered to market at a list price of $18 million.
“This is a rare opportunity for either an investor or an owner/user to own a desirably located property in a truly tropical paradise setting of Hawaii, and that also offers great possibility,” said Anthony Provenzano. “This scenic and natural property benefits from a location adjacent to the popular Turtle Bay Resort and is easily accessible off Kamehameha Highway. The property is also close to many major points of interest throughout the island that are located within about an hour’s drive.”
Marconi Station is the heart of Marconi Point, an agricultural Condominium Property Regime (CPR). "We view this as an opportunity to identify a development partner to help realize the potential of this unique asset and complete the vision for the core of the Marconi Point CPR,” said Michael Danhour, Executive Vice President, Marconi Station, LLC.
Marconi Station is a former wireless telegraph station named after Guglielmo Marconi, who invented and commercialized the way to transmit Morse signals across great distances. The station was built in 1914 and was the largest wireless telegraph station in the world in terms of capacity and power. In 2012, each of the four buildings were placed on the Hawaii Register of Historic Places, and in 2013 the property was added to the National Register of Historic Places.
Matt Davis said, “The historic designation of the property provides the opportunity to utilize an adaptive reuse plan to pursue a number of uses for the existing structures, ranging from a family compound to a private retreat to agritourism to a boutique bed and breakfast, to name just a few.” He added, “The property’s historic designation and location also allow for the potential for a number of possible tax incentives.”
The North Shore of Oahu encompasses the 17-mile north-facing coastal area between Ka’ena Point in the west and eastward to Kahuku Point. Famous for its surfing, snorkeling, and of course the fifty-one beaches that stretch for more than 11 miles along this incredible expanse of Oahu coastline.