Large Development Parcel - HILO

Versatile Multi-use Development opportunity Downtown Hilo. Large acreage parcel near downtown Hilo zoned RM-1. Potential uses include apartments condominiums or subdivision for single family residences. Sales price includes entitlements engineering design and Condominium Property Regime (CPR) documentation for building a residential complex. The included CPR plans are configured in 7 phases so it could be incrementally built should the future developer desire. The property is on a hill bordering Pukihae Stream. Great site for creating a residential community that is walking distance to Hilo Bay and downtown business district. Located on Wainaku Street in an area of Kamaaina homes and apartment buildings. RM-1.0 zonings allows one dwelling unit for every 1 000 sq. ft. of land area (subject property is approximately 190 350 sq. ft.). The included CPR plans are for a 105 unit development. The planned type of construction is wood framed TYPE 5 with sprinklers and thickened slabs to deal with soils study. Soils study has been done however prospective Buyer should still assess prior to building. Construction plans take into consideration previous soil study and was designed ADA compliant. Digital plans available for review to serious Buyers. This beautiful tropical property offers versatile development potential. Numerous documents & resources created by former owner are available to serious Buyers.

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Large acreage near downtown Hilo with zoning to permit multi unit development. Shown is an artist's rendering of a condominium development planned for the property. Plans are included with the sale.

An artist's vision of the interior of one of the planned condominium units.

Located on Wainaku Street in an area with apartment buildings affords an exceptional opportunity for building near downtown. Apartment buildings and old Kamaaina homes already exist in close proximity to this site.

This 4.37 acre parcel borders Pukihae Stream featuring waterfalls and tropical ambiance. Lots of stream frontage creates added value to your development site.

Take a swim in one of the many natural swimming pools bordering the property.

Heliconia flowers and bananas grow below large trees offering a lush tropical setting along with the convenience of being near town.

There is a large, fairly flat area in the middle of the parcel with an old road.

A road easement runs along the south end of the property for access and utilities.

Interior view from the old road near the middle of the parcel.

Palm trees and bamboo grow near Pukihae Stream adding to the exotic tropical setting.

An old stone stairway and path lead to the interior from Wainaku Street.

Shown here is the old stone pathway leading from the property to Wainaku Street.

Design your development to maximize the stream frontage beauty.