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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
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Property photo
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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:

Total Bedrooms: 8
Total Bathrooms: 4
Full Baths: 4
Living Area: 2,209 Square Feet

Listed by: Pacific Image Properties
Year Built: 1926
Levels:

Features and Amenities

Interior Features:
Exterior Features:
View: Bay
Pool:
Pool Features:

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Community Information

Project Name:
Subdivision Name: HILO TOWN
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone: 3
Flood Zone: AE, X

Land Information

Lot Size: 15,775 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features: Corner Lot
Frontage: a:0:{}
Frontage Type:
Roads: County
Roads Frontage Type: HIS Road/Street
Zoning: CDH
Horse Amenities:

Additional Details

Assessed Tax Value: $601,800
Annual Tax: $5,766
Tax Year: 2024
Tax Lot:
Tax Block:

Utilities: Electricity Available, Phone Available, Sewer Connected, Underground Utilities
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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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