Hilo, HI 96720,1080 KILAUEA AVE
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$2,100,000
Est. payment /mo
2 Baths
9,455 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 9,455 sqft

Price per Sqft $222

Subdivision Waiakea House Lots 2Nd Series

MLS Listing ID 712358

Half Baths 2

HOA Y/N No

Originating Board Hawaii Information Service

Year Built 1973

Annual Tax Amount $12,163

Tax Year 2023

Property Sub-Type Office

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.

2025 Estimated Profit is $130k 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.

Location

State HI

Community Waiakea House Lots 2Nd Series

Area 14445.0

Zoning CG-7.5

Region South Hilo

City Region South Hilo

Exterior

Utilities Available Electricity Available, Sewer Connected

View Y/N No

Garage No

Others

Ownership Full

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Fee Simple, Standard


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Hawaii Information Service (HIS)
Listed by Iokua Real Estate, Inc. - Hilo

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agent

Travis Scott

+1(808) 333-1616

Big Island Realtor | License ID: RS-83053

Big Island Realtor License ID: RS-83053

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