| MLS: 710329 (Active - For Sale) Building: HILO LAGOON CENTRE #158 Asking Price: $180,000 Fee Simple Type: Commercial/Residential Condo District: South Hilo Street: 101 Aupuni St Living Area: 755 SF Style: Apartment Building,Office Days on Market: 246 Year Built: 1971 Zoning: CG-7.5 Roads: County,Paved Property Taxes: $0 Assessed Value: $178,200 Assessed Ratio: 101.01% Listing Courtesy: Coldwell Banker Island Properties - Hilo Terms Acceptable: Cash,Conventional | Google Map County Records Add to Watch List Print Version Request Info |
Must-see Investment Opportunity in Downtown Hilo
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 rent is $971.52/month until 06/30/2024, and will increase to $986.70 per month starting on 7/1/2024. In addition to the rent, the tenant pays the monthly CAM fees and fees for 2 parking stalls, one is a deeded space and the other is a floating space. 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 $85/month from renting out two parking spaces to separate businesses.
Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
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1 Transaction(s) Found in Sales History
| MLS | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 139039 | 07/08/2004 | 12/29/2004 | $165,000 | $160,000 |
30 Sold Properties Found (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 0 Bed 0 Bath | 04/01/2024 | 05/29/2024 | $90,000 | $65,000 |
| 0 Bed 0 Bath | 04/17/2023 | 01/31/2024 | $150,000 | $150,000 |
| 0 Bed 0 Bath | 08/08/2023 | 04/12/2024 | $255,000 | $228,500 |
| 0 Bed 1 Bath | 12/04/2023 | 07/16/2024 | $329,000 | $325,000 |
| 0 Bed 0 Bath | 08/14/2023 | 05/17/2024 | $360,000 | $328,000 |
| 0 Bed 0.05 Bath | 05/15/2022 | 11/17/2023 | $425,000 | $425,000 |
| 0 Bed 0 Bath | 10/31/2023 | 01/23/2024 | $435,000 | $445,000 |
| 0 Bed 1 Bath | 10/14/2023 | 11/09/2023 | $625,000 | $700,000 |
| 0 Bed 0 Bath | 07/01/2023 | 07/31/2024 | $625,000 | $550,000 |
| 4 Bed 4 Bath | 06/07/2024 | 06/07/2024 | $650,000 | $500,000 |
| 0 Bed 0 Bath | 09/21/2023 | 02/14/2024 | $899,000 | $800,000 |
| 0 Bed 1 Bath | 04/02/2024 | 07/01/2024 | $900,000 | $900,000 |
| 3 Bed 1 Bath | 04/11/2024 | 06/26/2024 | $950,000 | $900,000 |
| 21 Bed 4.03 Bath | 01/28/2023 | 01/02/2024 | $998,500 | $1,050,000 |
| 1 Bed 1.02 Bath | 08/16/2023 | 11/17/2023 | $1,150,000 | $1,175,000 |
| 0 Bed 0 Bath | 02/09/2024 | 03/21/2024 | $1,300,000 | $1,300,000 |
| 0 Bed 0 Bath | 05/20/2023 | 01/19/2024 | $1,400,000 | $990,000 |
| 3 Bed 1.5 Bath | 08/14/2023 | 04/12/2024 | $1,450,000 | $1,220,000 |
| 0 Bed 0.02 Bath | 07/16/2024 | 10/01/2024 | $1,550,000 | $1,250,000 |
| 0 Bed 1.05 Bath | 08/30/2023 | 02/15/2024 | $1,550,000 | $1,500,000 |
| 0 Bed 0.09 Bath | 06/09/2023 | 11/27/2023 | $1,588,000 | $1,400,000 |
| 0 Bed 0 Bath | 05/16/2023 | 02/16/2024 | $1,699,000 | $1,500,000 |
| 11 Bed 2.5 Bath | 03/11/2024 | 07/15/2024 | $1,699,000 | $1,699,000 |
| 4 Bed 2.03 Bath | 07/02/2023 | 04/04/2024 | $1,800,000 | $1,700,000 |
| 0 Bed 0.05 Bath | 12/01/2023 | 02/29/2024 | $1,900,000 | $1,800,000 |
| 0 Bed 0 Bath | 04/03/2024 | 09/19/2024 | $2,300,000 | $2,300,000 |
| 42 Bed 31.03 Bath | 04/01/2023 | 04/05/2024 | $2,300,000 | $2,150,000 |
| 0 Bed 0 Bath | 06/13/2022 | 10/31/2023 | $2,349,000 | $2,100,000 |
| 0 Bed 0 Bath | 07/03/2023 | 02/16/2024 | $3,200,000 | $3,200,000 |
| 0 Bed 0 Bath | 03/14/2024 | 06/25/2024 | $6,200,000 | $5,200,000 |
| Average Price: | $1,261,683 | |||
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
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