1080 KILAUEA AVE, HILO, HI 96720
Location! Location! Location!
Listing Provided by: Iokua Real Estate, Inc. - Hilo
MLS #: 712358
MLS #: 712358
No photos available.
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 2014
Interior 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 OCCUPANTS
The 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.
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 2014
Interior 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 OCCUPANTS
The 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.
Property Details
Price: $2,300,000
Sold Price:
Address: 1080 KILAUEA AVE, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Sold Price:
Address: 1080 KILAUEA AVE, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Total Bedrooms:
Total Bathrooms: 2
Full Baths:
Living Area: 9,600 Square Feet
Listed by: Iokua Real Estate, Inc. - Hilo
Year Built: 1973
Levels:
Year Built: 1973
Levels:
Features and Amenities
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Community Information
Project Name:
Subdivision Name: WAIAKEA HOUSE LOTS 2ND SERIES
Association Fee: $0 Monthly
Subdivision Name: WAIAKEA HOUSE LOTS 2ND SERIES
Association Fee: $0 Monthly
Stories:
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Lava Zone: 3
Flood Zone: X
Flood Zone: X
Land Information
Lot Size: 14,445 Square Feet
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Lease Type:
Land Tenure: Fee Simple
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Land Tenure: Fee Simple
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Roads: County, Paved
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Roads: County, Paved
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Zoning: CG-7.5
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Additional Details
Assessed Tax Value: $1,149,800
Annual Tax: $12,164
Tax Year: 2023
Tax Lot: 6
Tax Block:
Utilities: Electricity Available, Sewer Connected
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Solid Waste Disposal: Private Contractor
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Solid Waste Disposal: Private Contractor
First Listed July 8, 2024, 10:07 pm
Last Updated August 13, 2024, 10:27 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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