$900,000
$950,000
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605 KALANIKOA ST Hilo, HI 96720
3 Beds
1 Bath
1,456 SqFt
Key Details
Sold Price $900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $618
Subdivision Waiakea House Lots 1St Series
MLS Listing ID 708429
Sold Date 06/26/24
Bedrooms 3
Full Baths 1
Year Built 1953
Annual Tax Amount $4,875
Lot Size 0.512 Acres
Property Description
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.
Location
State HI
Area South Hilo
Zoning RS-10
Exterior
Fence Chain Link
Pool No
Waterfront N
Building
Lot Description Clear, Corner
Sewer Sewer-Connected
Water County
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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