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474 Kalanikoa St

12,424 SF 82% Leased Industrial Building Hilo, HI 96720 $4,238,235 CAD ($341 CAD/SF)

Investment Highlights

  • Individual electric meters.
  • Potentially eight office/retail spaces.
  • Level lot with high-cube warehouses.
  • Eight warehouse roll-up doors.

Executive Summary

Prime investor/owner-user opportunity in Hilo's Industrial area! This CG-7.5 zoned property consists of two well-maintained buildings totaling 12,424 square feet on a 22,900 sf level lot. The front two-story 3,174 square foot CMU building could potentially house up to eight office/retail units (some units have been combined). There are eight electric meters and four common restrooms. The rear 9,250 square foot warehouse (WH) building could potentially house up to eight high-cube WH units (some units have been combined). WH spaces: One-1,000 sf, Three-1,250 sf, Two-2,250 sf. There are eight roll-up doors and 8 electric meters with three-phase service. There are nine restrooms in the WH building, four restrooms have showers. The property has one comm. electric meter, one comm. water meter, and 26 pkg stalls. The property is located less than two miles from Hilo Int'l Airport and Port of Hilo.

Property Facts

Price $4,238,235 CAD
Price Per SF $341 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • OfficeLoft Creative Space
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.53 AC
Rentable Building Area 12,424 SF
No. Stories 2
Year Built 1973
Parking Ratio 2.09/1,000 SF
Clear Ceiling Height 20 ft
No. Drive In / Grade-Level Doors 8
Opportunity Zone Yes

Amenities

  • Mezzanine
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - Bay A
  • 2,250 SF
  • Industrial
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl - Bay A 2,250 SF Industrial Full Build-Out Now

1st Fl - Bay A

Size
2,250 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - Bay A

Size 2,250 SF
Space Use Industrial
Condition Full Build-Out
Available Now

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
Honolulu
347,397
ACCESS AND LABOR FORCE
10 MILES
Total Population
55,326
Total Labor Force
29,449
Unemployment Rate
3.42%
Median Household Income
$71,545
Warehouse Employees
1,846
High School Education Or Higher
93.60%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-2-2-035-027-0000
Land Assessment
$473,577 CAD
Improvements Assessment
$1,607,269 CAD
Total Assessment
$2,080,846 CAD

zoning

Zoning Code CG-7.5 (General Commercial District - Area suitable for commercial uses and services on a broad basis to serve the central shopping or principal downtown area)
CG-7.5 (General Commercial District - Area suitable for commercial uses and services on a broad basis to serve the central shopping or principal downtown area)
  • Listing ID: 32524188

  • Date on Market: 2024-07-19

  • Last Updated:

  • Address: 474 Kalanikoa St, Hilo, HI 96720

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