1080 Kilauea Ave Hilo, HI 96720
- Showrooms
- 12,070 SF
- 0.33 lot acres
Current Use by Public Records
- Business Insurance Services Inc / Insurance Agency
- C W Maintenance Co / House Cleaning Service
Property Details for 1080 Kilauea Ave
- Year built
- 1973
- Construction
- STEEL FRAME
- Lot size
- 0.33 lot acres
- Property size
- 12,070 SF
- Zone code
- 3A
- Property type
- Showrooms
- APN
- 3-2-2-021-045
- APU
- 322021045
Description
This exceptional Hilo commercial property presents a lucrative investment opportunity for discerning buyers. Located at 1080 Kilauea Ave, this mixed-use building boasts high visibility and traffic, making it ideal for both investors and owner-occupants. Currently generating an annual profit of approximately $132,000, the property features a long-term lease extending until February 1, 2029. The building's versatile layout includes a front office space and a rear warehouse with a mezzanine, each with its own entrance and separate electric meters, facilitating multi-tenant occupancy. The front office area is efficiently designed with seven private offices, a common area with cubicles, and a break room. Ample parking is available both in front and behind the building. Recent improvements include a new roof (March 2024), a new air conditioning compressor (September 2018), and a 135-panel solar photovoltaic system with three inverters (December 2014). Interior showings are available to qualified buyers only, requiring proof of funds or a pre-approval letter from a financial institution. The property's square footage is approximate and should be independently verified. All information is deemed reliable but not guaranteed
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hilo
- County
- Hawaii
- State
- Hawaii
- Longitude
- -155.078
- Latitude
- 19.7126
- CBSA code
- 25900
- CBSA name
- HILO, HI MICROPOLITAN STATISTICAL AREA
