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$ 2,100,000
Est. payment | /mo
1 Bath
9,455 SqFt
$ 2,100,000
Est. payment | /mo
1 Bath
9,455 SqFt
Key Details
Property Type Commercial
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
Year Built 1973
Annual Tax Amount $12,163
Lot Size 0.332 Acres
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.
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
Area South Hilo
Zoning CG-7.5
Exterior
Pool No
Building
Sewer Sewer-Connected
Water County
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Listed by Iokua Real Estate, Inc. - Hilo
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