$1,200,000
Active


  • MLS# 632175
  • Commercial, Residential
  • 15 Beds
  • 5 Full Baths
  • 6,674 SQFT
  • South Hilo


Nearly an acre of land with ocean views in Hilo's Wainaku, close to downtown. This historic property has potential as a school, a yoga community, or can continue as rentals (long term tenants are now all month to month). Unbeatable location on nearly an acre, six vintage rental units, parking, and an additional fully remodeled warehouse/office space.

Built by a local Hawaiian family in the 1930's, rewiring and remodeling took place in the 1960s and has been ongoing in some units. Others are in need of updates and upgrading. Electrical has been fully upgraded, separate water meters for most units.

Common areas have an ample (new) parking lot, fruit trees, wide lawns, and a common driveway. Street parking exists as well.

Street frontage: historic commercial use - formerly a barber shop, liquor store, and small grocery. Current usage is a completely remodeled construction office and warehouse/storage, a two story rental unit with ocean and mauna views from two upstairs lanais, and an additional two units, one with three bedrooms, the other with two bedrooms. Current zoning is RS-10 (one home per 10,000 square feet)and a SMA.

Features of other structures (not on the street) include:
1) First photo is of the 80% complete new structure on the same footprint of the older structure with unobstructable OCEAN views.
2) Three bedroom home at Hamakua side of the property with front lanai, usable laundry and storage space below.
3) Three bedroom smaller home with additional space below to expand.
4) Two bedroom home and large lanai with expansive ocean views at ocean (Hilo) side of the property.

Please have your realtor provide 48 hours notice to show as there are multiple tenants to coordinate. Seller is motivated and this is truly a one of a kind, kama'aina opportunity. Mahalo for a short notice appointment just to drive in and take a look at the exterior and the interior of the new structure on the property
Days On Market
28
Assessed Value
$811,600
Annual Property Tax
$7,873
Tenure
Fee Simple
Tax Key (TMK)
3-2-6-16-14
Acres
0.95
Subdivision
Wainaku-Halepuna
Ocean View
Yes

Interior

Flooring
Carpet
Appliances
Range/Oven
Other (remarks)
Washer/Dryer
Hook-ups Avail

Exterior

Zoning
RS-10
Flood Zone Click to view tooltip
X
Parking
Detached
Unassigned
Lot Description
Clear
Grassy
Inside
Topography
Fairly Level
Gentle Slope
Fencing
Other (remarks)

Building Features

Year Built
1926-1938

Utilities

Power
Overhead
Water
Municipal
Meter Installed
Wastewater
Cesspool
Telephone
Cable
Cell
Land Line
Satellite
TV
Satellite
Cable
Internet
Cable
DSL
T1 and Higher
Satellite
Wireless
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.


Similar Properties are within a 1.5 mile radius and are within 10% of the listing price.


Listed By Keller Williams Honolulu

© 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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