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Commercial Condominium Complex For Sale
For Sale
$2,900,000
Pending

399 HUALANI ST, Hilo, HI 96720

Large commercial complex with rental income potential and river views.

Property Size41 SF
Lot Size41.00 Acres
Days on Market800

Property Features for 399 HUALANI ST

General Information

Standard status Pending
Size 41 SF
Lot size 41.00 Acres
Property subtype Commercial

Building Details

Year Built 1973
Listing Agency: SAVIO REALTY LTD. - HILO OFFICE
Listed By: DANA G KENNY
Source: Corcoran
Added: May 25, 2024 Changed: Jul 10 Last Checked: Jul 23 at 9:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAVIO REALTY LTD. - HILO OFFICE

Investment Insights

Based on property information with market context.

This large commercial complex comprises 32 individual condominiums, presenting significant potential for rental income or individual sales. Currently, 70% of the units are rented. The property features a large parking area and offers riverfront views from most units. There are slabs available for the construction of an additional 4 units. The property also offers hotel development possibilities due to its extensive riverfront location.

Key Highlights

  • Large commercial complex with 32 individual condominiums.
  • Potential for rental income or individual sale of units.
  • 70% of units are currently rented.

Property Analytics

Current Use

Hilo Culture Center Cultural Center Mattoch & Kirley, LLLC Law Firm HI-Care Solutions Home Health Care Service Balanced Life Acupuncture ... Alternative Medicine Practice Dynamic Dao Medical Clinic

Location Intelligence

Demographics for 96720, HI

46,615
Population
19,826
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
287.8 sq mi
ZIP Area
162
Density / Sq Mi
$78,537
Median Household Income
$41,268
Median Earnings
$1,346
Median Rent
$458,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Large commercial complex with rental income potential and river views.
Where is this apartment building located?
The property is located at 399 HUALANI ST Hilo, HI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Large commercial complex with 32 individual condominiums.; Potential for rental income or individual sale of units.; 70% of units are currently rented.
More about this property
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