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Commercial Condominium Complex For Sale

399 HUALANI ST, Hilo, HI 96720

For Sale
$2,900,000
Pending

Large commercial complex with rental income potential and river views.

Property Size41 SF
Lot Size41.00 Acres
Days on Market900

Property Features for 399 HUALANI ST

General Information

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

Taxes and HOA fees

Annual Taxes $21,678

Building Details

Year Built 1973
Listing Agency: SAVIO REALTY LTD. - HILO OFFICE
Listed By: DANA G KENNY · License HI RB-16034
Source: Corcoran
Added: May 25, 2024 Changed: Nov 9 Last Checked: Nov 10 at 7:46AM

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

Rey
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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

Who owns this building? See the owner, sales and loan history
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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

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.
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