399 Hualani St - Apartments FOR SALE


Hilo, HI 96720
$3,500,000 USD
808-387-3444
399 Hualani St, Hilo, HI for Sale
$3,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

399 Hualani St
Hilo, HI 96720


OVERVIEW

Waiakea Village Commercial Condos is made up of 32, 1 and 2-story, commercial condominium units located at 400 Hualani Street in Hilo, Hawaii. Originally developed in the 1970s as a resort, the property has since evolved into a diverse community hub featuring a distinct Hawaiian architectural style with charming hut-style cottages. The waterfront complex is bordered by the Waiakea Fish Pond and Wailoa State Park, offering stunning water views and lush surroundings. The property boasts a serene atmosphere with koi-filled lagoons, waterfalls, and tropical landscaping that enhance its appeal. Ground floor, second floor, and multi-level units provide flexible spaces for businesses, while ample on-site parking ensures convenience for tenants and visitors alike. Waiakea Village is strategically positioned in central Hilo, offering easy access to key destinations such as the University of Hawaii at Hilo, Hilo International Airport, and the famous Merrie Monarch Festival. The property is within walking distance to local shops, restaurants, grocery stores, banks, and the vibrant Hilo Farmers Market. Additionally, its proximity to Wailoa River State Recreation Area provides direct access to jogging paths, fishing spots, and picnic pavilions. With a prime location, tranquil setting, and strong visitor appeal, Waiakea Village presents an outstanding opportunity for investors and business owners seeking a versatile commercial space in the heart of Hilo.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

162

PRICE/UNIT

$21,605

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waiakea Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.08 AC

LAND SF

221,285 SF

ZONING

V-75

APN/PARCEL ID

3-2-2-030-003-0119,3-2-2-030-003-0230,3-2-2-030-018-0001

ASK ABOUT THIS PROPERTY

Anthony ProvenzanoCushman & Wakefield | Chaney BrooksMore Info
808-387-3444

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Anthony ProvenzanoCushman & Wakefield | Chaney BrooksMore Info
808-387-3444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.