Summary

• MLS# 272745

  12,000 Sq Ft

  ACTIVE

  Built 1924

  $8,250,000

Details

Business Name Wainaku Executive Center. Current Use Community Center, Industrial, Mixed Use, Office, Regional Center, Retail, Special Purpose, Other (remarks), Storage, Warehouse The Wainaku Executive Center, a 12 ac. oceanfront property on Hilo Bay, Big Island of Hawaii approx. 1 mi. from downtown Hilo, Hawai`i Island's largest city and County seat approx. 15 min. to Hilo International Airport. This historic oceanfront property (c.1924) was formerly the headquarters of C. Brewer & Co., one of Hawaii’s “Big Five”. Prime Big Island real estate w/a black sand beach below, wide ocean views affording daily sunrises, tightly manicured grounds and an approx. 12,000 sqft. stately mansion-like building this is Hilo’s most important, enduring, elegant and incomparable piece of real estate. WEC was reconstructed from the original Wainaku Mill Warehouse, extensively remodeled (‘97-98) into the gracious and luxurious building it is today. Today it reflects distinctive character and superior quality of construction. The building now includes a grand staircase of Koa grown, harvested and milled on the Hamakua Coast in the 90’s. The oceanfront sea wall extends in front of the center to beautiful and captivating Alae Point. Fronting the WEC is a grand lawn and open-air amphitheater providing a gracious setting for corporate, private and community functions. Remnants of the mill include old railway tunnels, remaining portions of the concrete flume and mill foundation as evidence of the mills prior grandeur. An extensive list of approved uses as well as zoning changes (in progress) could allow for a boutique oceanfront hotel, private residence, bar and restaurant, brewery, distillery and more. An impressive and commanding Koa paneled conference room dominates the interior structure. Culturally historic and environmentally significant this is Hilo’s most vibrant anchor point for the next visionary strategist to further cement the Big Island's vast growth and greater potential for business, tourism, agriculture, conservation, renewable energy, sustainable farming & ranching, while supporting community initiatives and economic opportunities for residents. Includes 2 TMKS: 3-2-6-15-1 consists of 10.94 acres and 3-2-6-15-2 consists of 1.37 acres. Taxes and assessed values are for both TMK's combined. PLEASE QUALIFY YOUR BUYERS PRIOR TO ARRANGING A SHOWING AND PROVIDE BUYERS CREDENTIALS. All offers must be accompanied by qualifications for financing or verification of cash funds. The information herein may contain inaccuracies and is provided w/out warranty or guaranty of any kind. Agents & Buyers must independently verify any info they deem material or important to their purchase.

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