Owner is retiring and looking to sell this beautiful ocean front property with very successful and profitable bed and breakfast.
Property is right across the river from downtown Hilo.
Zoned Resort/Hotel so can be developed into so many options. Zoned V.75 which equals 38 unit potential.
Currently is an award winning bed and breakfast, one of the best in Hawaii
SMA has been approved and plans are with the building department for the projected development.
Property originally had 3 homes on the property and the current plans are to keep that same configuration with 10 units.
Plans are available for review and include the three homes with 10 units, pool, and pickleball court. While plans are approved, home is being sold as is with many of these projects waiting on building department permits.
Main home has been recently renovated with new electric, plumbing, windows, and kitchen.
Main home will have new roof by the end of June 2022
Main home is within a few feet of the ocean. Makes you feel like you are on a boat since you are so close. Over time there has been and will continue to be erosion of the cliff. The owner states that they typically see only an inch or two of erosion per year and project/estimate that the home will be fine for the next 10-30 years. There is a company on island that can move the main home when you want to, and the price is very reasonable.
Estimate is owners best guess and based on what they have seen over the years that they have been here.
Current owners happy to work with new owners on running the bed and breakfast for a specified period of time.
Property has coconut trees, tons of banana trees, and pineapple. This is the best area to grow in the state as there is about 5 feet of topsoil.