$3,000,000
Active


  • MLS# 627898
  • Commercial, Residential
  • 3 Beds
  • 1 Full Bath
  • 1,083 SQFT
  • South Hilo


MULTI-FAMILY DEVELOPMENT OPPORTUNITY DOWNTOWN HILO
Hualalai Court - 3.29 Acres
Proposed 105 unit Affordable/Workforce Housing Development Site
4 Blocks from City/County Offices
3 Blocks from University of Hawaii Hilo Campus
Zoning District RM-1.5 (96 market rate or 105 affordable units)
Proposed Project lies within Opportunity Zone
Numerous Potential County, State and Federal Tax and Zoning Advantages
Building Approval in Process
Old home on property currently occupied by tenants
Days On Market
131
Assessed Value
$452,000
Annual Property Tax
$2,779
Tenure
Fee Simple
Tax Key (TMK)
Acres
3.29
Subdivision
Waiakea

Interior

Appliances
Refrigerator
Range/Oven

Exterior

Zoning
RM-1.5
Parking
Other (remarks)
Lot Description
Dead End
Wooded
Topography
Level

Building Features

Year Built
1946

Utilities

Power
Overhead
Water
Municipal
Wastewater
Cesspool
Telephone
Cable
Cell
Land Line
TV
Satellite
Cable
Internet
Cable
Satellite
Solid Waste Disposal
Other (remarks)

Select a Point of Interest and Radius from the form above.

South Hilo

Hilo town, the hub of the South and North Hilo districts, was once a thriving port for the sugar cane industry. Today it is the Hawaii County Seat and home of the island's major state and federal offices, a modern international airport, Hilo Medical Center, the University of Hawaii-Hilo, and state-of-the-art Imiloa Astronomy Center.

Although Hilo is not an incorporated city, it is the second-largest population center in the state with over 40,000 residents according to the 2000 census. Hilo also has an array of commerce and entertainment offerings--boutiques and galleries, big box stores, restaurants, museums, and several hotels.

The historic Bayfront area, though impacted by major tsunamis in 1946 and 1960, is still a center of economic and cultural activity, including a weekly farmers market, Palace Theatre events and the annual Black & White Night, Merrie Monarch, and Ho'olaule'a festivals.

Embracing the town's reputation as "the rainiest city in America", Hilo residents have a certain pride about East Hawaii's weather and enjoy a different flavor of Hawaii life than their neighbors on the dry west side. The Big Island’s famed greenery, tropical fruits and flowers, trees, ferns, forests, and farms all require reliable rainfall to thrive. Water is so important to life in Hawaii that waiwai (the word for "water", doubled) translates as "assets, valuable, wealth, rich, worth and benefit."

As is true for much of the Big Island, Hilo real estate is a mixed market, with upscale custom homes and fixer-upper "opportunity" properties, condos, vacation residences, private estates and oceanfront property. A knowledgeable Clark Realty agent can guide you to the best Hilo property for your needs.


Please Note: This calculator is designed for research and comparison purposes only. For pre-qualification and a rate quote from a qualified local lender, please contact us and we will connect you with a lender.

Interest rate, taxes, insurance, PMI payments, etc., displayed above are estimates only and are subject to change based on market conditions and individual financial circumstances. Clark Realty is not a lender and does not guarantee that the rate and terms displayed above can be obtained.


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Listed By Elite Pacific Properties Llc

© MLS Hawaii, Inc., All rights reserved. Listing information above provided by Hawaii Information Service, a Multiple Listing Service. This information is deemed reliable but is not guaranteed.


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