$1,202,250
Once the site of the private Hilo Country Club golf course established in the mid-1920s, this unique property has a rich history. Originally featuring a 9-hole course, a nonconforming 3-bedroom, 1-bath clubhouse was added in 1948. Although the clubhouse is no longer standing, remnants can still be found. The golf course itself is no longer in operation and the land is currently utilized as a mostly fenced-in cattle ranch.
In 2017, the state of Hawaii, through eminent domain, created the Daniel K. Inouye Highway, which divided the original property into two separate parcels.
Property 1: TMK 3-2-5-43-7 consists of 52.33 acres and includes TMK 3-2-5-43-20, which is an additional 1.02 acres (this is considered roadway area).
Property 2: TMK 3-2-5-43-25 spans 3.759 acres.
Both properties are currently zoned as OPEN.
There was an initiative by the current owners to rezone the property to A-3A with the intention of developing a subdivision. However, those plans did not come to fruition, and the zoning remains OPEN. Potential buyers have the option to apply for rezoning through the county planning department's online EPEC system. Given the property's size, approval from the Land Use Commission will also be necessary.
This exceptional and beautiful property offers a myriad of possibilities for future development. The owners are interested in selling both properties together but may consider separate sales. This is an extraordinary opportunity to own a piece of land with a storied past and endless potential for the future.
Buyer and Buyer's Agent to do their own due diligence with County of Hawaii and all relevant agencies regarding agricultural use and zoning and zoning changes.
730458
MLS
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['Fee Simple']
Tenure
Country Club Rd, HILO
Listing courtesy of Iokua Real Estate.