138 Kamehameha Ave - Storefront FOR SALE


Hilo, HI 96720
$1,775,000 USD
808-936-3982
138 Kamehameha Ave, Hilo, HI for Sale
$1,775,000 USD
Storefront - FOR SALE
1/28
null | Request Cap Rate

138 Kamehameha Ave
Hilo, HI 96720


OVERVIEW

Exceptional Commercial Opportunity in Heart of Downtown Hilo Property Overview Located at 144 Kamehameha Ave, this substantial asset represents a rare acquisition in East Hawaii's premier business district. The property encompasses approximately 13,539 square feet of building area, complemented by an expansive 4,231 square foot mezzanine designed for storage and receiving operations. Operational efficiency is enhanced by a side easement driveway, providing truck access. The CDH (Downtown-Hilo Commercial District) zoning offers versatile commercial potential, allowing for various uses to be verified through buyer due diligence. Its proximity to the Hilo waterfront and local amenities makes it an ideal choice for owner-users or investors looking for a strategic repositioning project. The property is offered in as-is condition. Property Highlights • Prime Downtown Hilo location on Kamehameha Avenue • Zoned CDH • Approx. 13,539 SF building area per tax records • Additional approx. 4,231 SF mezzanine area • Mezzanine suited for storage and receiving • Side easement driveway • Access suitable for trucks • Large commercial footprint in central Hilo • Near the Hilo Farmers Market, waterfront, restaurants, retail, and services • Potential owner-user or investment opportunity • Possible repositioning potential, subject to buyer verification • Property offered as-is • Building has office spaces, huge storage rooms, massive retail area and so much potential for owner to create an ”all-in’one” location. • Sale includes Tax Map Keys (3) 2-3-07: 09 & (3) 2-3-07: 39. • Phase I & II Environmental Site Assessment Reports completed Amazing opportunity to purchase a prime property located on Kamehameha Avenue, across the street from Hilo Bayfront, in the center of Hilo’s business and tourist activities. Buyers are to do their own due diligence with regards to the information provided.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

CROSS STREETS

Kalakaua Street

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CDH

APN/PARCEL ID

3-2-3-007-009-0000

ASK ABOUT THIS PROPERTY

Cathy FedakHilo Bay RealtyMore Info
808-936-3982

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Cathy FedakHilo Bay RealtyMore Info
808-936-3982

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