891 Ululani St
$3,200,000
Price:
$3,200,000
Bedrooms:
0
Bathrooms:
Not Available
MLS:
(ACTIVE) 611607
Interior Area:
11,996 sqft
Price/sqft:
$267
Year Built:
1995
Lot Size:
0.57 acre(s)
Land Tenure:
Fee Simple
Property Type:
Commercial Property
On Market:
Nov 09, 2017
Updated:
Jan 04, 2018
Foreclosure:

Listing Remarks

Immaculate and spacious two-story currently leased commercial building with approximately 11,996 sf of ADA compliant interior space and an elevator. Great investment property with True Triple Net long term lease in place with one tenant. Lease includes step up rent schedule correlating to increase in annual CPI Honolulu. Tenant pays all property taxes and maintenance. Current cap rate at approximately 6.39%. Current tenant has long term lease.

Located on Ululani Street across from Hilo Police Department, this property is outside the Tsunami Evacuation Area. South facing front entrance provides excellent Feng Shui. Please see the 3D virtual walkthrough of property - all photos of property were taken before property was occupied.

This commercial building is ideal for a number of uses. Inside the building there are conference-style rooms as well as private office areas. Some of the rooms have previously been configured as residential living spaces. On each of the floors is a central reception area. There are men's and women's bathrooms on both floors. The downstairs bathrooms also have showers. There is a room designed for use as a laundry, with washer & dryer hookups.

This building has a secured off-road paved parking lot. Due to the versatile building design, it is ideal for a variety of end users. It has been used as a residential medical treatment facility, and also as extended classroom and faculty space for the University of Hawaii. This building has also been used temporarily by County of Hawaii mayors in the past. The downtown location makes it convenient to downtown, medical facilities, and legal centers on the island.

No site visits, do not disturb tenant or access property.

Property Location

Public Reports

Other Details

Address: 891 Ululani St , Kukuau-1st 96720
Lat/Long: 19.71672 | -155.0847
Taxkey: 3240250070000
Lot Number: 9-E-1
Property Type: Commercial Property
Living Area: 11,996 sqft
Land Area: 0.57 acre(s)
Oceanfront Parcel: N
Pool: N
Annual Tax: $16,002
Assessed Value: $1,488,800
Assessment Year: 2016
Zoning: CG-7.5
Assessed Land Value: $322,400
Assessed Improvements Value: $1,129,000
Annual Tax (Year): 2011
Garage Area: 0 sqft
Car Storage:
  • Covered
  • Unassigned
Appliances:
    None
Design:
  • Wood Frame
Features:
  • ADA Accessible
  • ADA Compliant
  • Elevator
  • Exterior Lighting
  • Meeting Room
  • Office
  • Public Restroom
  • Private Restroom
  • Storage Area
Fencing:
  • Chain Link
  • Full
Floor Covering:
  • Carpet
  • Vinyl
Heating/Cooling:
  • Air Conditioning
Lot Description:
  • Clear
  • Inside
Roads:
  • County
  • Paved
Security:
  • Key
Topography:
  • Gentle Slope
TV Availability:
  • Cable
Washer/Dryer:
  • Hook-ups Avail
Sewage:
  • Sewer-Connected
Window Coverings:
  • Blinds