250 Kamehameha Ave, South Hilo

$2,450,000

  • MLS® #: 670448
  • 250 Kamehameha Ave
  • South Hilo, Hawaii 96720

250 Kamehameha Ave, South Hilo

$2,450,000

  • MLS® #: 670448
  • 250 Kamehameha Ave
  • South Hilo, Hawaii 96720
0 Beds
4 Baths
14,559 Sqft
.19 Acres
0 Garages
  • Overview 4 Bath, 14559 SQ. Feet, 0.19 Acres
  • Listing Type Commercial
  • Office: Yamanaka Enterprises Inc

YOUNG BUILDING The subject property is comprised of two (2) Tax Map Parcels at the Southeast corner of Haili Street and Kamehameha Avenue in downtown Hilo, Hawaii. This historic building was built in 1939 and renovated from 2013 to 2019. Originally known as Ah Mai Store this haberdashery provided the latest styles in clothing and accessories in early Hilo. Today this central downtown location houses four (4) successful retail and restaurant establishments on the ground floor. The second floor originally provided offices (dentist, accountants, etc), storage and living units. Legal Description: 1) TMK 3-2-3-8-27 244 Kamehameha Ave (Corner Building) Includes a land area of 1,559 sq. ft. and Building area of 1,559 sq. ft. on the ground level. This space is leased to a single Tenant operating as a Gallery named “Once in Hilo”. There is an equal area on the second floor that shares access through Parcel 26 off Haili Street. 2) TMK 3-2-3-8-26 252 Kamehameha Ave (wraps around Corner Building) Includes a land area of 6,670 sq. ft. and a building area of 7,703 sq. ft.. The ground floor was leased to three (3) Tenants that include Surf Break Cafe, Joy’s Gift Shop and Paradise Restaurant Supply. The Surf Break Café is now being renovated for a Champs Bar and Grill. The second floor area remains as storage. Total Land Area: 8,229 sq. ft. Total Building Area: 9,262 sq. ft. (recorded) plus 4,500 sq. ft. (unrecorded) Utilities: County water, County Sewer, Electricity, Telephone, Cable & gas. Income and Expenses The subject property generates income from the ground floor units and the second floor offers development opportunity for an investor who could renovate and lease the space once used for office and storage. In 2019 and 2020 substantial improvements have been made to the common area servicing the ground floor units.

Essential Information

MLS® #670448
Price$2,450,000
Bathrooms4.00
Full Baths4
Square Footage14,559
Acres0.19
Year Built1939
TypeCommercial
Land TenureFee Simple
StatusActive
Assesed Value$650,300

Sub-Type

Ground Unit, High Floor Unit, Multi-Story

Community Information

Address250 Kamehameha Ave
SubdivisionHILO TOWN
Building Nameyoung Building
StateHawaii
Zip Code96720

Amenities

ParkingNone
ViewBay, City, Coastline, Sunrise
Floor CoveringConcrete
Washer / DryerNone

Interior

AppliancesNone
CoolingNone

Exterior

ExteriorConcrete, Plaster, Wood
Lot DescriptionCorner
FoundationConcrete

Roof

Corrugated Iron, Composition, Steel/Metal

Construction

Concrete, Double Wall, Single Wall/Dbl Board, Wood Frame

Frontage

Almost Oceanfront, Highway/Freeway

Additional Information

Date ListedJune 27th, 2024
Days on Market19
ZoningCDH
Description Land TenureFee Simple

Listing Details

OfficeYamanaka Enterprises Inc
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Quick Details

This Property is priced at $2,450,000 and located at 250 Kamehameha Ave, . With Bedrooms and 4.00 Bathrooms, it offers a total of 14559 Square feet. This Commercial was built in 1939 and its status is Active. This property is represented by Vern Yamanaka of Yamanaka Enterprises Inc, Contact Number 8089359766, our team of Realtors can represent you at no additional cost.

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Listing information last updated on July 16th, 2024 at 1:30am HST.