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SOLD
MLS: 708429
 
Asking Price: $950,000 Fee Simple
Sold Price: $900,000
Sold Date: 06/26/2024
Type: Commercial
District: South Hilo
Street: 605 Kalanikoa St
Neighborhood: Waiakea House Lots 1st Series
Baths: 1
Living Area: 1,456 SF
Style: Office
Land Area: 0.51 Acres
Days on Market: 190
Year Built: 1953
Zoning: RS-10
Roads: Paved,County
Property Taxes: $4,875,.12
Assessed Value: $478,600
Assessed Ratio: 198.5%
Listing Courtesy: COMPASS
Terms Acceptable: Cash,Conventional,1031 Exchange
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Once-in-a-generation commercial opportunity!

Located on a bustling street corner just a few hundred feet from the entrance to Hilo International Airport, this expansive property benefits from high visibility, significant traffic flow, and an extensive list of potential uses.

Property Highlights:

• Prime Location: A stellar corner plot with broad frontage along Kekuanoa Street, which offers direct access to Hilo International Airport. This bustling roadway also serves as the main connection route between the airport and large swaths of Hilo's university, government, and residential districts. Nearby Highway 11 is one of the island's most heavily trafficked roadways, connecting directly to Hawaii Volcanoes National Park.

• MCX-20 zoning opportunity: this category allows for dozens of potential uses including retail, food service, office, medical, and industrial uses.

• Large lot size: with over half an acre of land, the property provides ample parking for a variety of development opportunities.

• Multiple existing buildings: recently repainted, the existing structures on the property provide opportunities for future use.

• Established Area: Located amidst high-traffic commercial businesses, including a neighboring gas station.

• Superior Infrastructure: Critical utilities are available here including electricity, water, and sewer connectivity.

*Property is conditionally approved for MCX-20 zoning - please see attached land use summary and disclosure documentation in MLS (also available by request). An independent appraisal report is also available for qualified buyers, after receipt of a singed non-disclosure agreement. Buyers and their agents to perform their own due diligence.

Showings are by appointment only.


 
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