South Hilo Commercial Property Sold: 512 KINOOLE ST, South Hilo, in Big Island of Hawaii

SOLD
MLS: 619023

Asking Price: $350,000 Fee Simple
Sold Price: $325,000
Sold Date: 03/05/2020
Type: Commercial
District: South Hilo
Street: 512 Kinoole St
Neighborhood: Hilo
Land Area: 8,270 SF
Days on Market: 2129
(The Price of the property was lowered by $100,000 on 10/02/2019)
Zoning: CG-7.5
Roads: Curbs/Gutters,County
Property Taxes: $3,009
Assessed Value: $283,600
Assessed Ratio: 123.41%
Listing Courtesy: Yamanaka Enterprises Inc
Terms Acceptable: Cash,Conventional

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Commerical Property near Downtown Hilo

Back on the market with a big price reduction. Lots of opportunity as CG zoning allows short term vacant rental use.
The site is in a desirable location on Kinoole Street and near Downtown Hilo.

Improvements include a warehouse , an office/retail shop and a former single-family dwelling. The warehouse site is to the rear with road access via Alenaio Lane.

The site is outside of the flood zone and with General Commercial (CG) zoning which allows for over 56 permitted uses.

Lots of potential for this site and it is ready to be fixed up to its highest and best use.

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