Remarks

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.<br><br>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.<br> <br>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.<br><br>Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.

Details

MLS#: 710329
Price: $170,000

Style: Commercial
Bedrooms: 0
Three Quarter Baths: 0
Quarter Baths: 0
Sq Ft: 755
Year Built: 1971

Tax Fee: 0.00