260 Kamehameha Ave - Retail FOR SALE


Hilo, HI 96720
$6,000,000 USD
808-357-3369
260 Kamehameha Ave, Hilo, HI for Sale
$6,000,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

260 Kamehameha Ave
Hilo, HI 96720


HIGHLIGHTS

  • Prime Location | High visibility and foot traffic along the Hilo Bayfront with popular and stable tenant mix
  • Value-Added Potential | Opportunity to increase NOI through CAM restructuring and rental rate adjustments for food operators
  • Stable Income | High occupancy with a history of stable cash flow, supported by long-term tenants and growing local demand
  • Strategic Investment | Opportunity Rare chance to own a well maintained buildings in a growing market, ideal for 1031 exchange buyers
  • Substantial Parking Onsite | Private parking is available onsite, a rare and highly desirable feature in Downtown Hilo Bayfront.
  • Turnkey Asset | Recent roof improvements, minimizing immediate known capital expenditure requirements for new owners

OVERVIEW

OLD AMERICAN BAKERY BUILDING & HILO BAY BUILDING HILO, HAWAII Prime Commercial Opportunity in Hilo, Hawaii: A Unique Blend of Food Businesses, Office, and Retail Tenants The landmark Hilo Bay Building and American Bakery complex is an iconic and historic property, including an expansive 250 feet of commercial storefronts featuring a variety of specialty businesses in the heart of Downtown. This property showcases well-established retailers along Kamehameha Ave., the prime retail shopping corridor in Downtown Hilo, plus an entire second floor with 10 suites of office tenants, many with fantastic ocean views of Hilo Bay. This building is home to a vibrant mix of beauty, health, wellness, sports, and retail businesses, all served by two adjacent large private parking lots making this well-maintained property an attractive and fun place for locals and visitors alike. Add to that the Old American Bakery Building, now home to some of the best lunch shops in town, and you have the best investment opportunity today. SALE PRICE: $6M CAP RATE: 6%

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilo Bay Portfolio

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,225 SF

ZONING

3Z

APN/PARCEL ID

3-2-3-008-029-0000

ASK ABOUT THIS PROPERTY

Scott CrockfordCBRE, Inc.More Info
808-357-3369

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Scott CrockfordCBRE, Inc.More Info
808-357-3369

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