180 Kinoole St Hilo, HI 96720

21,252 SF 0.22 ac lot Built 1967

Entity Owned Free & Clear

Property ID

US24-0218330

$1,255,000 21,252 SF available

180 Kinoole St, Hilo, HI 96720
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This remarkable three-story commercial building, situated in the heart of historic downtown Hilo, presents a unique investment opportunity. The solid concrete structure boasts a recently completed $300,000 renovation, encompassing a new central rooftop air conditioning system, over $100,000 in exterior repainting, updated office doors and hardware, and significant plumbing upgrades to ensure ADA accessibility. Meticulously maintained for the past 30 years, this property is exceptionally clean and well-maintained, showcasing a distinctive and appealing architectural design. The building is currently in turnkey condition, ready for immediate occupancy. A significant portion of the building is occupied by a national anchor tenant, leasing the majority of the third floor and a section of the second floor for their administrative offices. Detailed financial information, including current lease agreements, income statements, and expense reports, will be provided to qualified buyers. The property's location in Hilo, Hawaii's second-largest metro area, offers exceptional potential for growth and return on investment. The seller may consider a small purchase money mortgage for a qualified buyer. While all information is believed to be accurate, prospective buyers are encouraged to conduct their own due diligence to verify all aspects of the property. Square footage should be independently verified.