1080 KILAUEA AVE, HILO, HI 96720

$2,500,000
9,600
SqFt
List Price
$2,500,000
Days on Market
15
MLS#
712358
Status
ACTIVE
Type
Commercial
Living Area
9,600
Land Tenure
Fee Simple
Neighborhood
Waiakea House Lots 2nd Series

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 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.

Additional Information

Solid Waste Disposal Trash
Private Contractor
Roads
County, Paved
Taxes Annual
$12163
Lot Number
6
Zoning
CG-7.5
Lot Size
14,445
Water
County
Power
Overhead
Sewer
Sewer-Connected
Assessed Value
1149800
District
South Hilo
Year Built
1973

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Iokua Real Estate, Inc. - Hilo.

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