28-2831 Hawaii Belt Road

    Pepeekeo, HI 96783
    • $2,500,000
    • STATUS: Active
    • ON SITE: 371 days
    • MLS #: 201828948
    Price Reduced
    UPDATED: 74 min ago
    $2,500,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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

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    © 2019 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Hawaii | Elite Pacific Properties.

    Licensed in the State of Hawaii, USA.
    www.barneshawaii.com/homes/89331865

    28-2831 Hawaii Belt Road Pepeekeo, HI 96783

    • Price: $2,500,000
    • Status: Active
    • Updated: 74 min ago
    • MLS #: 201828948
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    1950
    Built
    Neighborhood:
    Honomu
    County:
    Hawaii
    Area:
    S. Hilo
    Elementary School:
    Kalanianaole
    Middle School:
    Kalanianaole
    High School:
    Hilo
    Property Description
    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
    Exterior Features

    Construction Materials RemodeledWood Frame Floor Number 2 Loading Loading Area Parking On Site Parking Total 10 Property Frontage Main Street Roof Aluminum/Steel Stories Two

    Interior Features

    Cooling None Floors Other Sq Ft Other 144 Sq Ft Total 3400

    Property Features

    Amenities Private RestroomSecurity Annual Expenses 718256.26 Assessed Value Improvements 154600.00 Assessed Value Land 185900.00 Assessed Value Total 340500.00 Building Name None Business Name Highway Xpress Mini Mart Business Type Convenience StoreFree StandingNeighborhood CenterSee Remarks Commercial Space No Disclosures See Remarks Easements DrivewayUtility Expenses Source Owner Flood Zone Zone X Gross Income 1151254.30 Income Source Owner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type See Remarks Listing Financing Cash Net Operating Income 432998.04 Property Condition Excellent Property Type Commercial/Industrial Sewer Cesspool Special Sale Conditions None Tax Amount 228.50 Tax Paid By Seller Yes Tax Year 2018 Tenant Pays None Total Actual Rent 0.00 Utilities Available Light ElectricitySmall Water Meter Year Established 2011 Zoning 00 - Residential

    Listings provided courtesy of Century 21 iProperties Hawaii.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2019-11-19T13:58:44.68. Information is deemed reliable but not guaranteed. Copyright: 2019 by HiCentral MLS, Ltd.


    © 2019 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Hawaii | Elite Pacific Properties.

    Licensed in the State of Hawaii, USA.
     
    Barnes Hawaii | Elite Pacific Properties
    4211 Waialae Ave. #106
    Honolulu HI, 96816