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Puainako Street Extension Below South Wilder Road - Puainako Heights Project
158 Acres of Residential Land Offered at £4,960,733 in Hilo, HI 96720
Investment Highlights
- Zoned for 440 to 820 residential units
- Located about five miles above Hilo, Hawaii
- One of very few residential development sites in east Hawaii
Property Facts
| Price | £4,960,733 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Distress Sale | Total Lot Size | 158.00 AC |
| No. Lots | 1 |
| Price | £4,960,733 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 158.00 AC |
1 Lot Available
Lot
| Price | £4,960,733 | Lot Size | 158.00 AC |
| Price Per AC | £31,397 |
| Price | £4,960,733 |
| Price Per AC | £31,397 |
| Lot Size | 158.00 AC |
The project is vacant land with a gentle slope and pond. Zoning allows between 440 and 820 units, with a commitment of approximately 317 municipal water meters.
Description
Puainako Heights is a fee simple, residential real estate development opportunity located approximately five miles above the town of Hilo, on the Big Island of Hawaii. Offered for sale are approximately 158 acres and a total of 57 separate tax parcels. The site is zoned for between 440 and 820 units in both Single- and Multi-Family configurations. Included in the Offering is a commitment of 317 water meters from the Hawaii County Department of Water Supply. Puainako Heights is probably the only residential development opportunity in east Hawaii with a significant commitment of municipal water meters. The site may be developed as either a build-to-rent project or fee simple neighborhood. RM zoning allows some uses beyond long-term housing. Property is in foreclosure. Contact Aaron Lee at (808) 960-3138 or aaron_lee@live.com for disclosures and more information.
zoning
| Zoning Code | RS-7.5; RM-4 (RS-7.5: Residential, Single-Family, 7,500-ft2 minimum lot size RM-4: Residential, Multi-Family, 1 unit per 4,000 ft2 of land (approximately 34 acres)) |
| RS-7.5; RM-4 (RS-7.5: Residential, Single-Family, 7,500-ft2 minimum lot size RM-4: Residential, Multi-Family, 1 unit per 4,000 ft2 of land (approximately 34 acres)) |
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Puainako Street Extension Below South Wilder Road - Puainako Heights Project
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