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250 Kamehameha Ave

Hilo, HI 96720
  • $2,450,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 670448
UPDATED: 85 min ago
$2,450,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 14,559
    SQFT
  • $168
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1939
Area:

School Ratings & Info

Description

YOUNG BUILDINGThe subject property is comprised of two (2) Tax Map Parcels at the Southeast corner of Haili Street and Kamehameha Avenue in downtown Hilo, Hawaii. This historic building was built in 1939 and renovated from 2013 to 2019. Originally known as Ah Mai Store this haberdashery provided the latest styles in clothing and accessories in early Hilo. Today this central downtown location houses four (4) successful retail and restaurant establishments on the ground floor. The second floor originally provided offices (dentist, accountants, etc), storage and living units. Legal Description:1) TMK 3-2-3-8-27 244 Kamehameha Ave (Corner Building) Includes a land area of 1,559 sq. ft. and Building area of 1,559 sq. ft. on the ground level. This space is leased to a single Tenant operating as a Gallery named Once in Hilo. There is an equal area on the second floor that shares access through Parcel 26 off Haili Street. 2) TMK 3-2-3-8-26 252 Kamehameha Ave (wraps around Corner Building) Includes a land area of 6,670 sq. ft. and a building area of 7,703 sq. ft.. The ground floor was leased to three (3) Tenants that include Surf Break Cafe, Joys Gift Shop and Paradise Restaurant Supply. The Surf Break Caf is now being renovated for a Champs Bar and Grill. The second floor area remains as storage.Total Land Area: 8,229 sq. ft.Total Building Area: 9,262 sq. ft. (recorded) plus 4,500 sq. ft. (unrecorded)Utilities: County water, County Sewer, Electricity, Telephone, Cable & gas.Income and ExpensesThe subject property generates income from the ground floor units and the second floor offers development opportunity for an investor who could renovate and lease the space once used for office and storage. In 2019 and 2020 substantial improvements have been made to the common area servicing the ground floor units.

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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/152115455
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250 Kamehameha Ave Hilo, HI 96720

  • Price: $2,450,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 85 min ago
  • MLS #: 670448
0
Beds
4
Baths
0
½ Baths
0.19
Acres
14,559
SQFT
$168
$/SQFT
1939
Built
Neighborhood:
Hilo Town
Area:
South Hilo
Property Description
YOUNG BUILDINGThe subject property is comprised of two (2) Tax Map Parcels at the Southeast corner of Haili Street and Kamehameha Avenue in downtown Hilo, Hawaii. This historic building was built in 1939 and renovated from 2013 to 2019. Originally known as Ah Mai Store this haberdashery provided the latest styles in clothing and accessories in early Hilo. Today this central downtown location houses four (4) successful retail and restaurant establishments on the ground floor. The second floor originally provided offices (dentist, accountants, etc), storage and living units. Legal Description:1) TMK 3-2-3-8-27 244 Kamehameha Ave (Corner Building) Includes a land area of 1,559 sq. ft. and Building area of 1,559 sq. ft. on the ground level. This space is leased to a single Tenant operating as a Gallery named Once in Hilo. There is an equal area on the second floor that shares access through Parcel 26 off Haili Street. 2) TMK 3-2-3-8-26 252 Kamehameha Ave (wraps around Corner Building) Includes a land area of 6,670 sq. ft. and a building area of 7,703 sq. ft.. The ground floor was leased to three (3) Tenants that include Surf Break Cafe, Joys Gift Shop and Paradise Restaurant Supply. The Surf Break Caf is now being renovated for a Champs Bar and Grill. The second floor area remains as storage.Total Land Area: 8,229 sq. ft.Total Building Area: 9,262 sq. ft. (recorded) plus 4,500 sq. ft. (unrecorded)Utilities: County water, County Sewer, Electricity, Telephone, Cable & gas.Income and ExpensesThe subject property generates income from the ground floor units and the second floor offers development opportunity for an investor who could renovate and lease the space once used for office and storage. In 2019 and 2020 substantial improvements have been made to the common area servicing the ground floor units.
Exterior Features

Carport Area Total 0 Design ConcreteDouble WallSingle Wall/Dbl BoardWood Frame Exterior Area Total 5000 Fence Chain Link Frontage Almost OceanfrontHighway/Freeway Garage Area Total 0 Land Tenure Fee Simple Lot Description Corner Ocean Front No Pool No Roads Curbs/GuttersCountyMajor ThoroughfarePavedStreet Lights Topography Fairly Level Unit Description Ground UnitHigh Floor UnitMulti-Story View BayCityCoastlineSunrise

Interior Features

Appliances None Floors Concrete Heating Cooling None Washer Dryer None Window Coverings None

Property Features

Assessed Value 650300 Assessment Year 2023 Distressed Standard Sale Lava Zone 3 Oceanfront Unit N N Power GasOverhead Project Name young Building Property Type Commercial Security None Sewer Sewer-Connected Solid Waste Disposal County-Charge Tax Key 323008026 Taxes 9234.00 Terms 1031 ExchangeCashDeveloper Package Vehicle Parking None Water County Zoning CDH

Listing information © 2024 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Yamanaka Enterprises Inc.


© 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