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- LoopNet Team
245 Wainaku St
Hilo, HI 96720
Residential/Multifamily Development Land · Land For Sale
·
4.37 AC
INVESTMENT HIGHLIGHTS
- 105-CPR-UNIT DEVELOPMENT READY
- HOME CARE FACILITY OPPORTUNITY
- SENIOR HOUSING OPPORTUNITY
- DOWNTOWN HILO
PROPERTY FACTS
DESCRIPTION
Seller is ready to sell! Ready to Develop 4.37 acre parcel walking distance to downtown Hilo. Current zoning is RM 1.0 which allows up to 188 multi-family units. All plans are available from previous owner for 105 unit Condo project, which was never built but CPR map has been completed. According to the new County of Hawaii Bill 108, having RM 1.0 and CPR map should allow for this property to do Vacant Rentals. Seller is working on a revised plan that will take into account for the possible Vacant Rentals units and for a layout that will be more cost effective.
