South Hilo Commercial Property Sold: 112 HAILI ST, South Hilo, in Big Island of Hawaii

SOLD
MLS: 669030

Asking Price: $2,300,000 Fee Simple
Sold Price: $2,150,000
Sold Date: 04/05/2024
Type: Commercial
District: South Hilo
Street: 112 Haili St
Neighborhood: Hilo Town
Baths: 31 Full / 3 Half
Living Area: 12,946 SF
Style: Apartment Building
Land Area: 10,753 SF
Days on Market: 600
Year Built: 1926
Zoning: CDH
Roads: County,Paved
Property Taxes: $1,570
Assessed Value: $1,276,100
Assessed Ratio: 180.24%
Listing Courtesy: Century 21 Homefinders of Hawaii
Terms Acceptable: Cash

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Income Opportunity - Commerical Property in Downtown Hilo

A great opportunity for income in historical downtown Hilo. The Lobin-Hung Building consists of 3 commercial units on the bottom, street level and an additional 39 living units. These living units range from studio, 1 bedroom and 2 bedroom residences which are located on both the lower and second level. Eight units on the lower level are considered community living as they share a total of 2 bathrooms between them. Also located on the lower level is a community, coin-operated laundry room.

This property is located close to everything and easily accessable on foot - shops, grocery stores, gas station, restaurants, library and the post office. Bay Front is literally a hop, skip and jump away.

Building is located within the tsunami evacuation zone.

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