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Off Market
1/6

580 Kilauea Ave
Hilo, HI 96720


OVERVIEW

RARE OPPORTUNITY Free standing facilities, with drive thru on a signalized intersection are in short supply in the Hawaii market. Site includes approximately 15 parking stalls and a large grassy area for tenants use. 580 Kilauea Avenue is an excellent opportunity to locate in the downtown Hilo market, for a variety of user types. THE HILO MARKET: SOME OF THE HIGHEST HAWAII PER STORE SALES VOLUMES The Hilo market yields some of the highest Hawaii per store sales volumes for many retail outlets. This is due to a mature population base with higher than average savings. Further Hilo is "starved" for entertainment and restaurant alternatives. Limited availability equates to limited competition. Today’s consumer is drawn to convenience, which this site offers. Take advantage of the opportunity. LOCATION This sub market historically offers few alternatives for this type of location. Across the street from county offices and Longs/CVS. Adjacent to Panda Express (under construction), Starbucks and Ace Hardware. Located at the intersection to access Mamalahoa highway and the historic downtown Hilo shopping district. OPPORTUNITY ZONE The site is located inside opportunity zone 204. Benefits to Investors for Opportunity Zone Programs: temporary tax deferral, step-up in basis & permanent exclusion from taxable income of capital gains.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

1852

STORIES

1

YEAR BUILT

1978

SPRINKLERS

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PARKING SPACES

20

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

3-2-2-016-013-0000,3-2-2-016-014-0000,3-2-2-016-015-0000,3-2-2-016-024-0000