$499,000

1623 Kinoole St

HILO HI, 96720

Description

Great development project: RM 3 / RS 10 zoning in walking distance to the University!

Located directly off of Kinoole Street, this 42,660 square foot property is currently approved for a 14-unit housing development through September of 2022.

Fairly level topography and a roughly square parcel shape make this lot builder-friendly, while this mid-block Kinoole Street location provides quick access to Hilo's downtown, shopping, and university districts.

Subject property is set to revert to RS-10 zoning after September of 2022. The general plan for this area supports medium-density urban use, so there may be potential for other development opportunities including subdivision potential.

Buyers and Buyer's Agent(s) to perform any necessary due diligence as to the feasibility of current entitlements, future zoning/subdivision potential, and land-useoptions.

An independent appraisal report was performed prior to listing and is available for review upon request.

Details

MLS#642861
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site108

Features

ZoningRM-3
Acreage0.98

Market Activity 96720

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Area Information
StateHI
CityHILO
Zip Code96720
SubareaSouth Hilo
Listing VS Median (in 96720)
Price:
$499,000
low | high
Med:
$378,500
74.148296593186% of Average
On Site:
108
low | high
Med:
82
100% of Average
Sourced by Back At You
Listing Updated: May 14, 2021 8:35:17 PM PDT
Nate Gaddis LogoMLS Number: 642861
Listing Provided By:
Nate Gaddis  of  Elite Pacific Properties LLC

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