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1080 Kilauea Ave

Hilo, HI 96720
  • $2,500,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 712358
UPDATED: 40 min ago
$2,500,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 2
    1/2 BATHS
  • 9,600
    SQFT
  • $260
    $/SQFT
Type:
Commercial
Built:
1973
Area:

School Ratings & Info

Description

Excellent opportunity to own a solid income producing property in a mixed use, high traffic, highly visible area great for investors or owner occupants alike. Currently yielding an annual profit of approximately $132K a year with a long term lease in place thru February 1, 2029. Property is currently home to a single use tenant but has been home to multiple tenants in the past with parking in both the front and back of the building plus separate electric meters renting to multiple tenants is simple. Front office and back warehouse with mezzanine each have their own entrances and are already conveniently separated with connecting interior access via hallway to 2 half bathrooms. Front office space is currently built out with 7 private offices, common area with cubicles, and break room. Recent updates include new roof in March 2024, new air conditioning compressor in September 2018, and 135 PV panels with 3 inverters in December 2014Interior showings will be granted to qualified Buyers only; please be prepared to provide proof of cash funds or pre-approval letter from a reputable lending institution. DO NOT DISTURB CURRENT OCCUPANTSThe information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Buyer and Buyer's agent to do due diligence. Agents and buyers are advised to independently verify any information they deem material or important to the decision to purchase the property including, but not limited to, the condition, permits and square footage of the property. Square footage is approximate and should be verified by an appraisal.

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© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2024-07-22T18:34:34.257.
www.hawaiidreamrealty.com/homes/152410332
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1080 Kilauea Ave Hilo, HI 96720

  • Price: $2,500,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 40 min ago
  • MLS #: 712358
0
Beds
0
Baths
2
½ Baths
0.33
Acres
9,600
SQFT
$260
$/SQFT
1973
Built
Neighborhood:
Waiakea House Lots 2nd Series
Area:
South Hilo
Property Description
Excellent opportunity to own a solid income producing property in a mixed use, high traffic, highly visible area great for investors or owner occupants alike. Currently yielding an annual profit of approximately $132K a year with a long term lease in place thru February 1, 2029. Property is currently home to a single use tenant but has been home to multiple tenants in the past with parking in both the front and back of the building plus separate electric meters renting to multiple tenants is simple. Front office and back warehouse with mezzanine each have their own entrances and are already conveniently separated with connecting interior access via hallway to 2 half bathrooms. Front office space is currently built out with 7 private offices, common area with cubicles, and break room. Recent updates include new roof in March 2024, new air conditioning compressor in September 2018, and 135 PV panels with 3 inverters in December 2014Interior showings will be granted to qualified Buyers only; please be prepared to provide proof of cash funds or pre-approval letter from a reputable lending institution. DO NOT DISTURB CURRENT OCCUPANTSThe information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Buyer and Buyer's agent to do due diligence. Agents and buyers are advised to independently verify any information they deem material or important to the decision to purchase the property including, but not limited to, the condition, permits and square footage of the property. Square footage is approximate and should be verified by an appraisal.
Exterior Features

Carport Area Total 0 Exterior Area Total 0 Garage Area Total 0 Land Tenure Fee Simple Ocean Front No Pool No Roads CountyPaved

Property Features

Assessed Value 1149800 Assessment Year 2024 Distressed Standard Sale Lava Zone 3 Lot Number 6 Oceanfront Unit N Power Overhead Property Type Commercial Sewer Sewer-Connected Solid Waste Disposal Private Contractor Tax Key 322021045 Taxes 12163.76 Terms 1031 ExchangeCashConventional Water County Zoning CG-7.5

Listing information © 2024 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Iokua Real Estate, Inc. - Hilo.


© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2024-07-22T18:34:34.257.
 
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Equity Hawai'i Real Estate
210 Kamehameha Avenue
Hilo HI, 96720