$2,500,000

28-2831 Hawaii Belt Rd

Pepeekeo HI, 96783

Description

WHAT A BARGAIN! EXCELLENT FEE SIMPLE + BUSINESS + PROPERTIES IN GREAT CAP RETURN! TRAFFIC, TRAFFIC, TRAFFIC!! The most strategic location with great cash-flow mixed use commercial property is being offered in the major traffic artery in Pepeekeo - 12 miles from Hilo. 2 free-standing buildings are totally gutted-out and re-done inside-out. Main house (2500 sf approx) offers 3 beds up, 3 beds down with huge deck (144 sf) & separate living/kitchen/entries. The 2nd structure (900 sf approx) is the convenience store which generates $$$$$ net income (~ approx. 10.5 CAP rate!) supporting multiple neighborhoods' daily essential needs from food, grocery, beverages, liquor. This is a one of a lifetime opportunity to own this iconic location where all locals and tourists' stop-over spot to replenish and get-going. HOT & RARE!! DON'T MISS THIS! Zoning: 8A

Details

MLS#201828948
Sub-TypeResale
StatusActive
Year1950
Days On Site369

Features

SQ Feet3,400
Story(s)2

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Area Information

StateHI
CityPepeekeo
Zip Code96783
Listing VS Median (in 96783)
Price:
$2,500,000
low | high
Med:
$550,000
100% of Average
SqFt:
3,400
low | high
Med:
0
100% of Average
$ / SqFt:
$735
low | high
Med:
$0
100% of Average
On Site:
369
low | high
Med:
760
48.552631578947% of Average
Listing Updated: 11/15/2019
MLS Number: 201828948
Listing Provided By:
Jason Wong  of  Century 21 iProperties Hawaii

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