101 AUPUNI ST #158 Active Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Commercial
Sub Type Multi Family,Office
Listing Status Active
Purchase Type For Sale
Square Footage 755 sqft
Price per Sqft $198
MLS Listing ID 710329
HOA Fees $935/mo
HOA Y/N Yes
Year Built 1971
Tax Year 2020
Property Sub-Type Multi Family,Office
Source Hawaii Information Service
Property Description
Enjoy serene views of the water garden and the bridges and walking paths of Wailoa State Park from this ground floor office unit featuring 4 separate offices with doors and an open reception area in downtown Hilo in the Hilo Lagoon Centre, conveniently located within walking distance to county government offices, courthouse, restaurants, shopping, and more.
Hilo Lagoon Centre is a mixed use commercial and residential building, and the only 24/7 air-conditioned building with on-site management. This well-maintained premier building has ample parking for visitors and tenants. Building amenities include swimming pool and sundeck for relaxing after work, conference room for your business presentations and meetings, passenger elevators, and freight elevator.
Property tax is waived because the long-time tenant is a department of the State of Hawaii. The current lease expires in June 2026. The base rent is $986.70 per month starting on 7/1/2024, and will increase to $1,009.47 per month starting on 7/1/2025. In addition to the rent, the tenant pays the monthly CAM fees. The CAM includes electricity, basic cable, water, sewer, trash pick-up, air conditioning and maintenance of the grounds and common areas. There is also an additional income flow of $35/month from a a floating parking space to the tenant, and a reserved parking space (#322) can provide potential rental income of $50/month.
Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
Location
State HI
Area Hi
Zoning CG-7.5
Region South Hilo
City Region South Hilo
Exterior
Utilities Available Electricity Available,Sewer Connected
View Y/N No
Garage No
Private Pool No
Others
Ownership CPR
Monthly Total Fees $935
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Fee Simple,Standard