$800,000
$899,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/14/2024
Key Details
Sold Price $800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Kulaimano Heights Subdivision
MLS Listing ID 704467
Sold Date 02/14/24
HOA Y/N No
Originating Board Hawaii Information Service
Annual Tax Amount $6,359
Tax Year 2023
Property Description
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.
Location
State HI
Community Kulaimano Heights Subdivision
Area 75794.0
Zoning CV-10
Region South Hilo
City Region South Hilo
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Not Available, Water Available
View Y/N Yes
View HIS Sunrise, Ocean
Topography Gentle Slope,Rolling Terrain
Garage Yes
Building
Lot Description Corner Lot, Grassy
Others
Ownership Full
Acceptable Financing Cash, Conventional, HIS Purchase Money Mortgage
Listing Terms Cash, Conventional, HIS Purchase Money Mortgage
Special Listing Condition Fee Simple, Standard
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