Bought with Non-MLS
$800,000
$899,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/14/2024
Key Details
Sold Price $800,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Nani Malio
MLS Listing ID 202323782
Sold Date 02/14/24
HOA Y/N No
Annual Tax Amount $6,359
Property Sub-Type Land
Property Description
Exceptional and rarely available 1.7 acre Highway Frontage commercial development opportunity located conveniently at the gateway to the spectacular and highly desirable Hamakua Coast just eight miles north of Hilo. Fronting the Hawaii Belt Highway and located on the Mauka side of the highway in the center of Pepeekeo, this development primed lot with approximately 550 feet of highway frontage, is passed by an estimated 20,000 tourists and residents each day driving the Belt Road. Zoned CV-10, the property offers a wide range of development potential with 7 allowable water meters. Potential developments include convenience store, restaurants, gas station, multi-family residences, day-care center, assisted living facility, church, bed and breakfasts, and various service or tourism related business. The property boasts convenient street frontage on three sides, including direct access to the well travelled Hawaii Belt Highway. City water, electricity, telephone, and cable are all available. Additionally, the location offers stunning ocean views and is a perfect location for servicing the growing population of the Hamakua Coast and the famous 'Akaka Falls. Prime spot, call today!
Location
State HI
County Hawaii
Area S. Hilo
Interior
Fireplace No
Exterior
Exterior Feature None
Utilities Available Above Ground Utilities, Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Ocean
Present Use Commercial,Residential,Service Business
Building
Lot Description Cleared, Other
Sewer Not Connected
Water Public
Others
Tax ID 3-2-8-025-033-0000
Financing Cash
Special Listing Condition None
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