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374 Kamehameha Ave 1,280 SF Retail Building Hilo, HI 96720 $1,638,792 CAD ($1,280.31 CAD/SF)
Investment Highlights
- High Traffic Vehicle Corridor Average Annual Daily Traffic count 9,780 (D.O.T.2024)
- Only stand alone building in downtown Hilo with a front open patio with wide views of of Mooheau Park and Hilo Bay and fenced, on site parking stalls
- High Foot Traffic adjacent to Hilo Farmers Market and located on main street of downtown Hilo
Executive Summary
High visibility corner location, entrance to historic downtown Hilo and adjacent to the Hilo Farmers Market and Shell gas station. High traffic corridor. Average Annual Daily Traffic count is 9,780 (D.O.T. 2024). Unique, meaning the only stand alone building on Kamehameha Ave in downtown Hilo with a gated, open lanai with expansive ocean and park views, perfect for a cafe or tourist activity service. In addition to rarity, a fenced rear lot for several parking stalls, food trailer, or outdoor storage. Located just across Kamehameha Ave. is Mooheau bandstand, bus station and park. Shoreline Management Area (SMA). Open Hilo bay views. In 2025, Hawaii DBEDT reported approximately 1.32 million visitors in the first 9 months to Hawai'i island. It is estimated that roughly 20-30% or 264,000 to 396,000 visited the downtown Hilo area. CDH- commercial downtown Hilo zone, one of the highest and dense use zoning allowed on the Hawai'i Island. Perfect for owner- user with mid- long term business model. Be a part of this thriving, waterfront, business community with this highly desirable opportunity! Available for lease with option to purchase or lease.
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$3,201
|
$2.74
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,201
|
$2.74
|
Financial Summary (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $3,201 |
| Annual Per SF | $2.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,201 |
| Annual Per SF | $2.74 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,280 SF
Building Class
C
Year Built
1970
Price
$1,638,792 CAD
Price Per SF
$1,280.31 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.39
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CDH - CDH - Commercial Downtown Hilo is a compact high density area for retail, office, cultural and arts, business and commercial, residential and hotels.
Frontage
293’ on Kamehameha Ave
Amenities
- Bus Line
- Signage
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-2-3-009-014-0000 | Total Assessment | $299,216 CAD |
| Land Assessment | $152,817 CAD | Annual Taxes | $3,201 CAD ($2.50 CAD/SF) |
| Improvements Assessment | $146,399 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
3-2-3-009-014-0000
Land Assessment
$152,817 CAD
Improvements Assessment
$146,399 CAD
Total Assessment
$299,216 CAD
Annual Taxes
$3,201 CAD ($2.50 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Hilo Farmers Market Realty, LLC
374 Kamehameha Ave
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