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1266 Kamehameha Avenue - Hilo Ironworks Building, Hilo, HI

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1266 Kamehameha Avenue - Hilo Ironworks Building

Hilo, HI 96720 - Hilo/East Big Island Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1919
Building Size:73,096 SF Land Area:3.28 AC (142,877 SF)
Ceiling Height:40'0'' Loading Docks:No Rail:- Power:-
For Sale Price:$4,250,000 Price/SF:$58.14
Cap Rate:-
Zoning:open Sprinklers:- Drive Ins:2 tot./10'0''w x 12'0''h Cranes:4/5-25 tons 40'0'' Hk
Parking:Free Surface spaces are available; Ratio of 1.89/1,000 SF Amenities:Bus Line, Signage

APN: 3-2-2-001-019-0000
Subject Property has multiple units available to serve various needs. Additional open warehouse is available with access to Wailoa river.

Space is part of the Hilo Ironworks Complex with good ingress and egress from Kamehameha Ave which is the main highway along Hilo's bay front. Property abuts the Wailoa river and the Kamehameha Ave bridge crossing which is considered the Southern Gateway to downtown Hilo.

Sale Notes:
Total Land Area: 143,199.8 sq. ft./ 3.287 acres
Total Building Area: 73,096 sq. ft. / 1.678 acres
Tax Parcels:
1) 3-2-2-1-8 16,248 sq. ft. Parking Area river frontage
2) 3-2-2-1-17 9,609 sq. ft. Building area: 9,494 sq. ft. Office building
3) 3-2-2-1-18 17,068 sq. ft. Building area: 6,736 sq. ft. Warehouse
4) 3-2-2-1-19 17,206 sq. ft. Building area: 5,000 sq. ft. Warehouse/river frontage
5) 3-2-2-1-24 26,354 sq. ft. Building area: 13,664 sq. ft. Warehouse/river frontage
6) 3-2-2-1-30 1.18 acre Building area: 32,888 sq. ft. Office building
7) 3-2-2-1-34 5,314 sq. ft. Building area: 1,488 sq. ft. Warehouse/river frontage
Location: The Hilo Ironworks property was built in 1898 to support the Big Island plantations and community in fabricating, repairing and retailing hardware and equipment and iron merchandise. Operations included boat building and repair, business offices (accounting, design, merchandising and other operations),warehousing, demolition and sales.
Use: Subject property is under County Ordinance allowed the uses of the original Hilo Ironworks operation as expanded by the Hilo Redevelopment Agency. Such uses include warehousing, office operations, marine associated uses, etc. State Tax records classify the property as Industrial under the State PITT Code. Zoning is Open under the County of Hawaii.

Yamanaka Enterprises, Inc.
Vern Yamanaka
(808) 935-9766

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