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SOLD
MLS: 704467
 
Asking Price: $899,000 Fee Simple
Sold Price: $800,000
Sold Date: 02/14/2024
Type: Commercial
District: South Hilo
Street: 28-2894 Kumula St
Neighborhood: Kulaimano Heights Subdivision
Style: Special Purpose
Land Area: 1.74 Acres
Days on Market: 427
(The Price of the property was lowered by $100,000 on 11/14/2023)
Year Built: 0
Zoning: CV-10
Roads: County,Paved,State
Land Recorded: Regular
Property Taxes: $6,359
Assessed Value: $594,300
Assessed Ratio: 151.27%
Listing Courtesy: eXp Realty
Terms Acceptable: Cash,Conventional,PMM
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Exceptional Commercial development opportunity with Highway frontage

Exceptional and rarely available 1.7 acre Highway Frontage commercial development opportunity located conveniently at the gateway to the spectacular and highly desirable Hamakua Coast just eight miles north of Hilo. Fronting the Hawaii Belt Highway and located on the Mauka side of the highway in the center of Pepeekeo, this development primed lot with approximately 550 feet of highway frontage, is passed by an estimated 20,000 tourists and residents each day driving the Belt Road. Zoned CV-10, the property offers a wide range of development potential with 7 allowable water meters. Potential developments include convenience store, restaurants, gas station, multi-family residences, day-care center, assisted living facility, church, bed and breakfasts, and various service or tourism related business. The property boasts convenient street frontage on three sides, including direct access to the well travelled Hawaii Belt Highway. City water, electricity, telephone, and cable are all available. Additionally, the location offers stunning ocean views and is a perfect location for servicing the bustling and growing population of the Hamakua Coast and the famous 'Akaka Falls, which is a short 13 minute drive away and boasts 200,000 annual visitors. This prime, highly visible commercial property is ready for your development in the Hamakua Coast region. Agent must be present for all showings.


 
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