THIS PROPERTY IS A GEM IN A FANTASTIC LOCATION IN THE HEART OF HILO! GREAT POTENTIAL FOR A NEW APARTMENT BUILDING! This unique property is in located in a prime location in central Hilo. Incredible potential because it is currently zoned for apartments. It sits across the street from Hilo Shopping Center and just a couple blocks from the State buildings and court house, restaurants, coffee shops, banks, schools, Medical clinics and other businesses. It's just a 10-15 minute walk to Hilo Bayfront. Incredible value for the land alone! Property is almost a half acre and has a commercial kitchen, 1500 SF open carport and 17 units! The main structure is a large Quansid hut warehouse on the left side of the property that was previously a commercial kitchen and poi factory. There is an office in the front of the building and several apartments upstairs and surrounding the commercial kitchen. Leading to the kitchen, there is a large approximate 1500 sqft shop area, open carport that was previously used as a loading area. Adjacent to the warehouse is a row house of 3 separate houses. The first is a 3 bedroom , 1 bath house that was partially renovated in 2017. Remodel included replacement of Cabinets , carpet, appliances, fixtures, windows and doors. There is a top of the line gas water heater that supplies all the units with hot water. The next unit is a 2 bedroom, 1.5 half bathroom unit that was also fully remodeled in 2018. Remodel included new drywall, doors, bathroom fixtures, windows, appliances, cabinets, new concrete paint on floor, and built in lofts in both bedrooms. The last unit in the row house is 2 bedroom , 1 bathroom unit that was partially remodeled in 2017. All 3 houses have low end finishes but are in average condition. In front of the commercial kitchen is another upstairs 650 SF apartment with a kitchen and bathroom. There is a 20 ft storage container and a walk in refrigerator that can be accessed from the carport loading area.
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|8/15/2019 5:49:00 AM|