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116 Kamehameha Ave , #6

Hilo, HI 96720
  • $1,108,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 655573
UPDATED: 15 min ago
$1,108,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 4,760
    SQFT
  • $233
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1904
Area:

School Ratings & Info

Description

Opportunity knocks with this Vintage Classic Hilo Bayfront Fee Simple Building. Six units in the building with two great 'store fronts' and four office/small business rentals upstairs. This high traffic building is located between Cronies Sports Bar & Restaurant and the Tsunami Museum. The building is adjacent to one of our best local known clothing designers, Sig Zane Designs. Located in the Opportunity Zone & Historic District with great possibilities. This wonderful commercial building has stood the test of time and in great condition. All starts with the new roof (April 2020). All six units are fully occupied with month to month leases for the upstairs tenants who share a common bathroom. These Bayfront upstairs units overlooking Hilo Bay have hardwood floors, windows to allow the ocean breezes to come in along with the natural light. The two spacious store fronts open onto the very busy Kamehameha Avenue make for high visibility and foot traffic. Visible from cars driving by as well. One store front has been a restaurant and currently a Caf (Cold Kitchen). Retail business in the second store front. Approximately 4706 sf of retail business space. Located on the first block of Kamehameha Ave in Hilo Downtown District between Waianuenue Ave and Kalakaua St. Short walks to the renowned Hilo Farmers Market, restaurants and shops. Hilo town has so much to offer and prime commercial buildings like this are hard to come by! Hilo is growing and it's time for you to grow with it as well by putting you're mark on this very unique building. Sustainable Metal roofing panels made with highest recycled content of steel and aluminum Durapon70, an Energy Star-rated heat-reflective finish. Buyer's to Participate in a 1031 Tax Deferred Exchange at no cost to Buyers.

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© 2021 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 Corcoran Pacific Properties. Data last updated: 2021-12-01T04:34:26.343.
hawaii.corcoranpacific.com/homes/123051272
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116 Kamehameha Ave , #6 Hilo, HI 96720

  • Price: $1,108,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 15 min ago
  • MLS #: 655573
0
Beds
1
Baths
2
½ Baths
0.06
Acres
4,760
SQFT
$233
$/SQFT
1904
Built
Neighborhood:
Hilo Town
Area:
South Hilo
Property Description
Opportunity knocks with this Vintage Classic Hilo Bayfront Fee Simple Building. Six units in the building with two great 'store fronts' and four office/small business rentals upstairs. This high traffic building is located between Cronies Sports Bar & Restaurant and the Tsunami Museum. The building is adjacent to one of our best local known clothing designers, Sig Zane Designs. Located in the Opportunity Zone & Historic District with great possibilities. This wonderful commercial building has stood the test of time and in great condition. All starts with the new roof (April 2020). All six units are fully occupied with month to month leases for the upstairs tenants who share a common bathroom. These Bayfront upstairs units overlooking Hilo Bay have hardwood floors, windows to allow the ocean breezes to come in along with the natural light. The two spacious store fronts open onto the very busy Kamehameha Avenue make for high visibility and foot traffic. Visible from cars driving by as well. One store front has been a restaurant and currently a Caf (Cold Kitchen). Retail business in the second store front. Approximately 4706 sf of retail business space. Located on the first block of Kamehameha Ave in Hilo Downtown District between Waianuenue Ave and Kalakaua St. Short walks to the renowned Hilo Farmers Market, restaurants and shops. Hilo town has so much to offer and prime commercial buildings like this are hard to come by! Hilo is growing and it's time for you to grow with it as well by putting you're mark on this very unique building. Sustainable Metal roofing panels made with highest recycled content of steel and aluminum Durapon70, an Energy Star-rated heat-reflective finish. Buyer's to Participate in a 1031 Tax Deferred Exchange at no cost to Buyers.
Exterior Features

Frontage Almost Oceanfront Land Tenure Fee Simple Lot Description Other (Remarks) Ocean Front N Pool N Roads CountyPavedStreet Lights Topography Level View BayOceanOcean HorizonSunrise

Interior Features

Appliances None Floors ConcreteOther (Remarks) Heating Cooling Air Conditioning

Property Features

Assessed Value 363500 Assessment Year 2021 Distressed Standard Sale Features Ceilings-9'+High TrafficSmoke/Heat Detector Lava Zone 3 Lot Number 4 Oceanfront Unit N Phone Service Land Line Power Overhead Property Type Commercial Security Other (Remarks) Sewer Sewer-Connected Solid Waste Disposal None Tax Key 323003014 Taxes 3889.00 Terms CashConventional Water County Zoning Cdh

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Coldwell Banker Island Properties - Hilo.


© 2021 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 Corcoran Pacific Properties. Data last updated: 2021-12-01T04:34:26.343.
 
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