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28-2831 Hawaii Belt Rd 28-2831 Hawaii Belt Rd, Pepeekeo, HI, 96783

Neighborhood: Honomu

$2,500,000 $1,300,000 Commercial expired Commercial/Industrial

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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
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Property details

1950 year built
Price per sqft
$735/sqft
Days on Verhouse
1960
Address
28-2831 Hawaii Belt Rd, Pepeekeo, HI, 96783
City of Hawaii
Pepeekeo
Island
Big Island
Year Built
1950
Frontage
Main Street
Land tenure
FS - Fee Simple
Parking Spaces
10
Gross Income
1151254.30
Net Operating Income
432998.04
Neighborhood
Honomu
District
S. Hilo

Nearby major retailers

-
-
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Interior Features

10 parking places, Other floors
Roof
Aluminum/Steel
Property Condition
Excellent
Floor Covering
Other
Easements
Driveway, Utility
Garage & Parking
On Site
Utilities Included
Light Electricity, Small Water Meter
Amenities
Private Restroom, Security

Listed by

Jason Wong, Century 21 iProperties Hawaii
Name
Jason Wong
License number
RB-22819
Brokerage company
Century 21 iProperties Hawaii
MLS #
201828948

Payment calculator

Calculate your monthly payments
Mortgage
$7,676
Taxes
$229
HOA dues
$0
$7,905 per month
Mortgage
$500,000 / 20%
2.28%
30 years
Your amount $7,676 / month

Exterior Features

Remodeled, Wood Frame construction and more
Construction
Remodeled, Wood Frame

Lot details

TMK #3280160280000
Parcel nr.
3280160280000

Honomu neighborhood info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data

People living in Honomu

38%
Families with children
National average: 39%
22%
Non family households
3,716
Population
$99,058
Average Income

Age & gender

Median age 41 years
More info

Commute types

79% commute by car
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Education level

34% have high school education
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Number of employees

6% work in education and healthcare
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Vehicles available

34% have 1 vehicle
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Vehicles by gender

34% have 1 vehicle
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Housing market insights for 28-2831 Hawaii Belt Rd

$760k
Neighborhood average
sales price*
$760k
Neighborhood median
sales price*
2
Number
of sales*

Housing type

77% are single detacheds
More info

Rooms

42% of the houses have 4 or 5 rooms
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Bedrooms

62% have 2 or 3 bedrooms
More info

Owners vs Renters

65% are owners
More info
4.33 / 20
Least Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Expired Apr 1, 2020
Date Event Price $/sqft Source
Apr 1, 2020 Expired $2,500,000 735.29 MLS #201828948
Nov 12, 2019 Price Decrease $2,500,000 -34.21% 735.29 MLS #201828948
Nov 12, 2018 New Listing $3,800,000 1117.65 MLS #201828948

Taxes of 28-2831 Hawaii Belt Rd, Pepeekeo, HI, 96783

00 - Residential zoning / MLS #201828948
Current Property Taxes p/month
$228
Assessed Improvement value
$154,600
Assessed Land value
$185,900
Land Recorded
Regular System
Zoning
00 - Residential
Flood Zone
Zone X
Total Assessed value
$340,500

Tax History

Year Taxes Source
2018 $2,742 MLS #201828948
2017 $2,693 MLS #201828948
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About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.

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Frequently Asked Questions about 28-2831 Hawaii Belt Rd

What is 28-2831 Hawaii Belt Rd?

28-2831 Hawaii Belt Rd is a Exclusive Rights Commercial/Industrial property.

What is the rental income?

The net income is $432,998
*check with agent

What is the full address of this Commercial?

28-2831 Hawaii Belt Rd, Pepeekeo, HI, 96783.

What comparable properties are nearby?

Comparable nearby commercial properties include 1638 10th Ave, Address undisclosed, 3007 Lincoln Ave, 821 Olokele Ave, 2962 Manoa Rd, 2110 Beretania St.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Century 21 iProperties Hawaii.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.

Listing last updated: Apr 01, 2020
Verhouse Last checked 2 minutes ago


The Honomu neighborhood has a population of 3,716, and 38% of the families have children. The median age is 41.74 years and 79% commute by car. The most popular housing type is "single detached" and 65% is owner.
Commercial Expired $2.5m  $1,300,000 28-2831 Hawaii Belt Rd, Pepeekeo, HI, 96783 Save House Remove from Saved