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11996 sq ft (0.57 acres) in Kukuau-1st
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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.

General Information


Address:891 ULULANI ST
HILO, HI 96720
Subdivision:Kukuau-1st
Price:$3,200,000
Form: Commercial
House Size:11,996 Sq Ft
Lot Size:0.57 Acres (24,800 Sq Ft)
Type: Not specified
Lava:Zone 3
TMK:3240250070000
MLS:611607
Terms:
  • Cash
  • Conventional
  • Open
  • District: South Hilo District
    (learn more)
    Beds:0
    Baths:0.0
    Built:1995
    Status: Active
    Tenure: Fee Simple
    Taxes:$16,001.8
    Value: $129.03/SqFt (land)
    $266.76/SqFt (stucture)

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    Highlights


    Features...
    • ADA Accessible
    • ADA Compliant
    • Elevator
    • Exterior Lighting
    • Meeting Room
    • Office
    • Restroom-Private
    • Restroom-Public
    • Storage Area
    Appliances...
    • None
    Car Storage...
    • Covered
    • Unassigned
    Design...
    • Wood Frame
    Fencing...
    • Chain Link
    • Full
    Flooring...
    • Carpet
    • Vinyl
    Frontage...
    • Road/Street
    Heat/Cool...
    • Air Conditioning
    Lot Type...
    • Clear
    • Inside
    Phone...
    • Cell
    • Land Line
    Pool...
    • No
    Power...
    • Overhead
    Roads...
    • County
    • Paved
    Security...
    • Key
    Sewer...
    • Sewer-Connected
    Waste...
    • Private Contractor
    Topography...
    • Gentle Slope
    Television...
    • Cable
    Water...
    • Municipal
    Windows...
    • Blinds
    Washer/Dryer...
    • Hook-ups Available
    Location
    Zoning...

  • Zone CG-7.5
  • Coordinates...

  • 19.71672 -155.0847
  • The green arrow points to the property

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    Virtual Tour...

    Hawaii Property Tax Office...
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    Immaculate two-story commercial building.


    The downtown location makes it convenient to downtown, medical facilities, and legal centers on the island.


    Each floor has a central reception area.


    A covered outside area for client or staff use.


    South facing entrance for Feng Shui purposes.


    This building has a large secured and fenced off-road paved parking lot.


    Aerial map of property showing the location of the Police Dept.


    Almost 12,000 sq ft of ADA compliant interior space and an elevator


    There are men's and women's bathrooms on both floors.


    The interior is almost new and immaculate.


    ADA accessible.


    The building has large conference-style rooms and private office areas.


    Open space


    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 property is in an ideal location for medical services, treatment, office and other usage.


    Central Air Conditioning in the building.


    This building is located outside of tsunami evacuation zone.


    Property is fully fenced and gated.


    Located across the street from the Hilo Police station.


    ADA compliant bathroom


    The downstairs bathrooms also have showers.