Land - HILO, HI
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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