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MLS #620860 - Commercial Opportunity in Pierce Tract

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Address:550 KILAUEA AVE
HILO, HI 96720
MLS #620860TMK #3220100010000
Price:$ 1,600,000Year Built:1959
District:South HiloSubdivision:Pierce Tract
Bedrooms:0Bathrooms:0.02
Living Area:Land Area:0.44 Acres (19,171 Sq Ft)
Terms:
  • Cash
  • Conventional
  • Status: Contingent
    Assessed:$550,200 (2018)Maint Fee:Not Specified
    Month Fee:Not SpecifiedTaxes:$0.0
    Form: Commercial
    Type: Not specified
    Tenure: Fee Simple Lava:Zone 3
    Value: Land value is $83.46 per square foot
    Zoning:Zone CG-7.5Schools:Not Specified
    Here's something that doesn't come around often. Zoned CG 7.5 this property is zoned High-Density Commercial and is right in the heart of Hilo and across Longs and Burger King. Per the State Flood Hazard assessment, the property is NOT in a flood zone NOR in an SMA zone so truly a Commercial property Gem!.

    The property consists of approximately 19,171 sq feet with 10,611 sq ft building that is divided between office and warehouse space. The office has approximately ten feet ceilings with a six-foot mezzanine above it. The warehouse has approximately sixteen-foot ceilings with two roll-up doors located at the rear of the warehouse. There are two restrooms located at the rear of the office. Each restroom consists of a water closet and a basin. Access to the restrooms is through the warehouse. The interior of the office is comprised of an approximately eight-foot suspended acoustic ceiling with recessed fluorescent light. The flooring in the office is vinyl tiling. A break room is on the Puna side of the office. Office also has central AC.
    The building is fenced in the back with three gates on Kilauea Ave., Hualalai street, and Huapala lane so there is multiple access. This property also comes with a lot of parking. There are 17 opens stalls and 7 covered parking. Electrical service throughout the building and feeder was upgraded in 2009 and storage room was added in 2014 with permits. Currently, leased by the County. County made many improvements. Soffits and exterior lighting were also upgraded.

    The property has been used successfully as Hawaii Hardware building supply and most recently by the County.
    Viewing is by appointment only as tenant occupied.

    The information herein while deemed to be correct may contain inaccuracies and are provided without warranty of any kind. Prospective Buyers and Buyers agents are urged to verify any such information they deem material to the decision to purchase the property.

    Specifics...

    Features:
  • Ceilings-9'+
  • Appliances:
  • None
  • Design:
  • Concrete
  • Steel Frame
  • Fencing:
  • Chain Link
  • Heat/Cool:
  • Air Conditioning
  • Lot Type:
  • Clear
  • Phone:
  • Land Line
  • Pool:
  • No
  • Power:
  • Overhead
  • Roads:
  • County
  • Sewer:
  • Sewer-Connected
  • Waste:
  • None
  • Topography:
  • Fairly Level
  • Water:
  • Municipal
  • Tools...

    Learn more about this property

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    Hawaii Property Tax Office:

    19.71852, -155.0816
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    County has been successfully leasing building.


    Overhead view. back is secured with locked fenced area.


    Back Warehouse has approximately 16 foot ceiling and Mezzanine above front offices


    In 2009 the County upgraded the electrical service and feeder system. See permit under the addenda section


    Owners recently replaced the warehouse fans


    secured back area for parking. Two newer roll up doors to access the warehouse.


    Secured entry from Kilauea , Huapala Lane and Hulalai Street


    Break room


    County upgraded to fiber optic


    separate office


    Upgraded interior service panel


    Covered parking with entry to Huapala Lane. Lots across are also for sale by different owners.


    Upgraded warehouse electrical system


    plumbing has been set up to run a washer


    Has a mop room


    Set up to run a dryer. County added a 220 line.


    Men's and women's bathroom


    Lighting, soffits aournd building were replaced. Lots of parking off Kilauea


    Gate on the Kilauea side


    Also next to Chinese restaurant.


    Longs is directly across


    Building is on the intersection of Burger King, Longs and close to County and Federal buildings


    Also close to Central Pacific Bank.

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