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SOLD
MLS: 630081
 
Asking Price: $185,000 Fee Simple
Sold Price: $177,500
Sold Date: 12/10/2019
Type: Land
District: South Hilo
Street: 203 Kalanianaole St
Neighborhood: Waiakea Warehouse Lots
Style: Vacant
Land Area: 6,227 SF
Days on Market: 1731
Zoning: V-.75
Roads: County,Paved
Land Recorded: Regular
Property Taxes: $1,097
Assessed Value: $99,700
Assessed Ratio: 185.56%
Listing Courtesy: Hilo Brokers Ltd
Terms Acceptable: 1031 Exchange,Cash,Conventional
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High traffic parcel near ocean on Kalanianaole

Unique and rarely available lot near Banyan Drive and Reed\'s Bay in Hilo. Resort-Hotel zoning makes this nearly oceanfront lot a beautiful jewel to develop.

Commercial enterprises and residential houses are nearby. There is a lot of pedestrian traffic by this lot. Many cruise ship passengers pass this lot as they walk to and from the Port of Hilo. Additional foot traffic passes this location en route to area beaches.

The location, in close proximity to Hilo International Airport and Banyan Drive hotels make this a highly desirable spot. This lot is between the new County of Hawaii \"Kuhio Kalaniana\'ole Park\" and Hilo\'s famous \"Ice Pond\".

Lot road frontage on Kalanianaole is approximately 50 ft wide. Restaurants, retail establishments, hotels, and business services are all permitted under Resort-Hotel zoning.

This lot requires a Special Management Area (SMA) application. Tsunami elevation currently requires any structure to be at least 12 to 14 feet or more above ground level. Current setbacks are 8 ft side, and 20 ft front and rear. County water line is across Kalaniana\'ole Ave., and sewer lateral is in. The lot has three flood zones. Check with County of Hawaii Planning Department regarding any building requirements.

BUYER & BUYERS AGENT TO CHECK WITH COUNTY & STATE OF HAWAII (OR OTHER) AGENCIES ON ALL ITEMS.

*Previous letter from land use attorney on uses & restrictions is on file.*

The nearby oceanfront park is gated. Sign says that it opens at 7AM and closes at 8PM.


 
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