Buy and Enjoy a Piece of History - This is Royal Hawaiian Land.<BR><BR>Discover the rare opportunity to own a spacious 20, 000-square-foot lot nestled in the heart of Wainaku, just minutes from Downtown Hilo. Located on 289 Wainaku Street, this expansive property offers direct riverside frontage, creating a serene and scenic setting ideal for residential development.<BR><BR>Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.<BR><BR>Zoned RM-10 (Multi-Family Residential), the lot allows for flexible development or business potential – from a custom single-family residence to a multi-unit investment property (subject to county approval). Enjoy the lush surroundings, gentle river sounds, and mature tropical landscape that give this parcel a truly peaceful, retreat-like feel.<BR><BR>With utilities nearby (500 Amp Underground Electric Installed / 1 Water Meter) and paved road access, this is a unique chance to develop in one of Hilo’s most desirable neighborhoods. (Topographic study and soil studies done) Whether you're a builder, investor, or visionary homeowner, this Wainaku lot offers incredible potential and natural beauty.<BR><BR>Buyer Option: Seller is willing to convey her nonprofit business which per the owner has an estimated $200, 000 plus tax deduction and a reduced property tax of $200 instead of over $5000 and which can be used on other properties with many other benefits, please inquire.
