132 KILAUEA AVE, HILO, HI 96720
Create your dream on this unique property located in Downtown Hilo.
Listing Provided by: Pacific Image Properties
MLS #: 714795
MLS #: 714795
Description
Create your dream on this amazing and unique property located in Downtown Hilo. Welcome to a rare investment opportunity—this stunning property offers a unique blend of commercial and residential spaces, perfect for those seeking versatility. Nestled within lush tropical gardens, complete with a serene pond and mature trees, this space is a true urban oasis.This property located on an iconic corner of Downtown Hilo has been restored, revitalized and designed with many beautiful details. Currently used as a successful vacation rental and event space. A new owner could expand this business or add to it as described above.The property features four charming homes and two modern apartments, ideal for extended stays or short-term rentals. The commercial event space is designed to accommodate a variety of functions, from corporate events to private gatherings, with ample room for customization. Whether you’re looking to generate income through rentals or create a vibrant community hub, this property offers limitless potential. Seize the opportunity to own a slice of paradise with endless business possibilities!" Located in Opportunity Zone with possible benefits that include temporary tax deferral, step-up in basis/permanent exclusion from taxable income of capital gainWhatever your heart desires; hotel, restaurant, bar, retreat center, event space, etc. this gem is secluded and private yet minutes away from Hilo's famous Bayfront stores and coastline.Behind the commercial building there is an established private and secured garden and Koi pond with mature fruit trees, extensive landscaping and four homes plus two studio apartments.
Property Details
Price: $2,500,000
Sold Price:
Address: 132 KILAUEA AVE, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Sold Price:
Address: 132 KILAUEA AVE, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Total Bedrooms: 8
Total Bathrooms: 4
Full Baths: 4
Living Area: 2,209 Square Feet
Listed by: Pacific Image Properties
Year Built: 1926
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Year Built: 1926
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Features and Amenities
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View: Bay
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Community Information
Project Name:
Subdivision Name: HILO TOWN
Association Fee: $0 Monthly
Subdivision Name: HILO TOWN
Association Fee: $0 Monthly
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Lava Zone: 3
Flood Zone: AE, X
Flood Zone: AE, X
Land Information
Lot Size: 15,775 Square Feet
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Land Tenure: Fee Simple
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Land Tenure: Fee Simple
Lot Features: Corner Lot
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Roads: County
Roads Frontage Type: HIS Road/Street
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Roads: County
Roads Frontage Type: HIS Road/Street
Zoning: CDH
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Additional Details
Assessed Tax Value: $601,800
Annual Tax: $5,766
Tax Year: 2024
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Utilities: Electricity Available, Phone Available, Sewer Connected, Underground Utilities
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Solid Waste Disposal: County-No Charge
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Solid Waste Disposal: County-No Charge
First Listed October 15, 2024, 1:50 pm
Last Updated October 24, 2024, 7:11 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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