28-2831 Hawaii Belt Road $2,500,000


    28-2831 Hawaii Belt Road Pepeekeo, HI 96783

    • 3,400 sq.ft.
    • 0.36 Acres
    • Commercial
    MLS# 201828948 | Active
    Days On Market: 398 85 Views
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    Property Details

    WHAT A BARGAIN! EXCELLENT FEE SIMPLE + BUSINESS + PROPERTIES IN GREAT CAP RETURN! TRAFFIC, TRAFFIC, TRAFFIC!! The most strategic location with great cash-flow mixed use commercial property is being offered in the major traffic artery in Pepeekeo - 12 miles from Hilo. 2 free-standing buildings are totally gutted-out and re-done inside-out. Main house (2500 sf approx) offers 3 beds up, 3 beds down with huge deck (144 sf) & separate living/kitchen/entries. The 2nd structure (900 sf approx) is the convenience store which generates $$$$$ net income (~ approx. 10.5 CAP rate!) supporting multiple neighborhoods' daily essential needs from food, grocery, beverages, liquor. This is a one of a lifetime opportunity to own this iconic location where all locals and tourists' stop-over spot to replenish and get-going. HOT & RARE!! DON'T MISS THIS! Zoning: 8A

    • General Features
      • Land Tenure FS - Fee Simple
      • Subdivision HONOMU
      • Property Sub Type Commercial/Industrial
      • Building Name None
      • Property Condition Excellent
      • Year Built 1950
    • Building Features
      • Construction Materials Remodeled, Wood Frame
      • Stories Type Two
      • Floor Number 2
      • Amenities Private Restroom,Security
      • Flooring Other
      • SQFT Interior 3,256
      • SQFT Other 144
      • Sqft Total 3,400
    • Property Features
      • Lot Size Area 15,842
      • Property Frontage Main Street
      • Parking Features On Site
      • Parking Total 10
      • Sewer Cesspool
      • Utilities Light Electricity, Small Water Meter
    • Schools
      • Elementary School Kalanianaole
      • Middle School Kalanianaole
      • High School Hilo



    96783 (Pepeekeo) Demographics

    45 Median Age
    102 Population Density (per sq. mile)
    45% College Educated
    $43,056 Estimated Median Income
    451 Estimated Total Home Owners
    195 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    1,999 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    1 New On Market

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      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,500,000
        11/12/2019 7:58:16 AM Price Reduced Source New Value: $2,500,000 -34.21%
        11/12/2018 6:58:00 AM New in Database Source New Value: $3,800,000

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        Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. listings last updated on 12/16/2019 4:58:37 AM. All information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's personal, non-commercial use to identify prospective properties consumers may be interested in purchasing. Copyright: 2019 by HiCentral MLS, Ltd.
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        Cheryl Dillon, RB-18551, James W. Wright, RB-16206, 1-800-735-2100