891 Ululani St

    Hilo, HI 96720
    • $3,200,000
    • STATUS: Active
    • ON SITE: 197 days
    • MLS #: 611607
    UPDATED: 14 min ago
    $3,200,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,996
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    Area:

    School Ratings & Info

    Description

    Immaculate and spacious two-story currently leased commercial building with approximately 11,996 sf of ADA compliant interior space and an elevator. Great investment property with True Triple Net long term lease in place with one tenant. Lease includes step up rent schedule correlating to increase in annual CPI Honolulu. Tenant pays all property taxes and maintenance. Current cap rate at approximately 6.39%. Current tenant has long term lease.Located on Ululani Street across from Hilo Police Department, this property is outside the Tsunami Evacuation Area. South facing front entrance provides excellent Feng Shui. Please see the 3D virtual walkthrough of property - all photos of property were taken before property was occupied.This commercial building is ideal for a number of uses. Inside the building there are conference-style rooms as well as private office areas. Some of the rooms have previously been configured as residential living spaces. On each of the floors is a central reception area. There are men's and women's bathrooms on both floors. The downstairs bathrooms also have showers. There is a room designed for use as a laundry, with washer & dryer hookups.This building has a secured off-road paved parking lot. Due to the versatile building design, it is ideal for a variety of end users. It has been used as a residential medical treatment facility, and also as extended classroom and faculty space for the University of Hawaii. This building has also been used temporarily by County of Hawaii mayors in the past. The downtown location makes it convenient to downtown, medical facilities, and legal centers on the island. No site visits, do not disturb tenant or access property.

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    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-05-26T03:34:36.317.
    hawaii.elitepacific.com/homes/78662096

    891 Ululani St Hilo, HI 96720

    • Price: $3,200,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 611607
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    11,996
    SQFT
    $267
    $/SQFT
    1995
    Built
    Neighborhood:
    Kukuau-1St
    Area:
    South Hilo
    Property Description
    Immaculate and spacious two-story currently leased commercial building with approximately 11,996 sf of ADA compliant interior space and an elevator. Great investment property with True Triple Net long term lease in place with one tenant. Lease includes step up rent schedule correlating to increase in annual CPI Honolulu. Tenant pays all property taxes and maintenance. Current cap rate at approximately 6.39%. Current tenant has long term lease.Located on Ululani Street across from Hilo Police Department, this property is outside the Tsunami Evacuation Area. South facing front entrance provides excellent Feng Shui. Please see the 3D virtual walkthrough of property - all photos of property were taken before property was occupied.This commercial building is ideal for a number of uses. Inside the building there are conference-style rooms as well as private office areas. Some of the rooms have previously been configured as residential living spaces. On each of the floors is a central reception area. There are men's and women's bathrooms on both floors. The downstairs bathrooms also have showers. There is a room designed for use as a laundry, with washer & dryer hookups.This building has a secured off-road paved parking lot. Due to the versatile building design, it is ideal for a variety of end users. It has been used as a residential medical treatment facility, and also as extended classroom and faculty space for the University of Hawaii. This building has also been used temporarily by County of Hawaii mayors in the past. The downtown location makes it convenient to downtown, medical facilities, and legal centers on the island. No site visits, do not disturb tenant or access property.
    Exterior Features

    Design Wood Frame Fence Chain LinkFull Frontage Road/Street Land Tenure Fee Simple Lot Description ClearInside Ocean Front N Pool N Roads CountyPaved Topography Gentle Slope

    Interior Features

    Appliances None Floors CarpetVinyl Heating Cooling Air Conditioning Washer Dryer Hook-Ups Avail Window Coverings Blinds

    Property Features

    Assessed Value 1488800 Assessment Year 2016 Distressed Standard Sale Features Ada AccessibleAda CompliantElevatorExterior LightingMeeting RoomOfficeRestroom-PublicRestroom-PrivateStorage Area Lava Zone 3 Lot Number 9-E-1 Oceanfront Unit N Phone Service CellLand Line Power Overhead Property Type Commercial Security Key Sewer Sewer-Connected Solid Waste Disposal Private Contractor Tax Key 324025007 Taxes 16001.80 Terms CashConventionalOpen Tv Availability Cable Vehicle Parking CoveredUnassigned Water Municipal Zoning Cg-7.5

    Listing courtesy of Hilo Brokers Ltd. © 2018 MLS Hawaii, Inc. All rights reserved.


    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-05-26T03:34:36.317.
     
    Elite Pacific Properties
    4211 Waialae Ave.
    Honolulu HI, 96816