1322 Ululani St, HILO, HI 96720

Property Description

Rarely available 39,350 sq ft lot in the urban core of Hilo, located in the Waiakea Cane Lots subdivision just blocks from the University of Hawai‘i at Hilo. Priced at $28 per square foot, this L‑shaped parcel is offered at land value and includes a planned 20‑foot‑wide driveway easement (not yet recorded) to serve the rear adjacent lot. There is an existing structure on the property in poor condition and not considered in the pricing. The property lies within the State Urban District and is designated HDU (High Density Urban) under Hawai‘i County’s General Plan (GP‑2045). With RS‑10 zoning, the site currently allows Single‑Family Residential use. Additional development paths — including duplexes, student housing, PUDs, or certain commercial uses — may be possible with County approval. Buyers should consult an architect or planner to evaluate site‑specific development potential. An extended due‑diligence period may be considered for qualified buyers.