Remarks

Create your dream on this amazing and unique property located in Downtown Hilo. <br><br>Welcome to a rare investment opportunity—this stunning property offers a unique blend of commercial and residential spaces, perfect for those seeking versatility. Nestled within lush tropical gardens, complete with a serene pond and mature trees, this space is a true urban oasis.<br>This property located on an iconic corner of Downtown Hilo has been restored, revitalized and designed with many beautiful details. Currently used as a successful vacation rental and event space. A new owner could expand this business or add to it as described above.<br><br>The property features four charming homes and two modern apartments, ideal for extended stays or short-term rentals. The commercial event space is designed to accommodate a variety of functions, from corporate events to private gatherings, with ample room for customization. Whether you’re looking to generate income through rentals or create a vibrant community hub, this property offers limitless potential. Seize the opportunity to own a slice of paradise with endless business possibilities!" <br><br>Located in Opportunity Zone with possible benefits that include temporary tax deferral, step-up in basis/permanent exclusion from taxable income of capital gain<br><br>Whatever your heart desires; hotel, restaurant, bar, retreat center, event space, etc. this gem is secluded and private yet minutes away from Hilo's famous Bayfront stores and coastline.<br>Behind the commercial building there is an established private and secured garden and Koi pond with mature fruit trees, extensive landscaping and four homes plus two studio apartments.

Details

MLS#: 714795
Price: $2,500,000

Style: Commercial
Bedrooms: 8
Baths Full: 4
Three Quarter Baths: 0
Quarter Baths: 0
Sq Ft: 2209
Year Built: 1926

Subdivision: HILO TOWN
Tax Fee: 5766.23