132 Kilauea Ave

Description

Create your dream on this amazing and unique property located in Downtown Hilo. 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.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.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 youre 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!" Located in Opportunity Zone with possible benefits that include temporary tax deferral, step-up in basis/permanent exclusion from taxable income of capital gainWhatever 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.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.