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744 Kamehameha Ave 1,404 SF Retail Building Hilo, HI 96720 $2,720,211 CAD ($1,937.47 CAD/SF)
Investment Highlights
- Highest Traffic Corridor in Hilo with 3 main highways converging in front of this corner lot. 23,107 Average Annual Daily Traffic.
- Underground Storage Tanks have been removed and final Environmental reports have been done.
- Corner lot, High visibility, 1 of only 2 commercially zoned properties on this busy corner near State, Federal offices, hotels, retail, parks, beach
Executive Summary
Rare, prime commercial property, central location in the town of Hilo. High visibility, high traffic corner situated along main corridor Kamehameha Ave. / Hawai'i Belt Rd. Average Annual Daily Traffic is 12,693 on Kamehameha Ave. and 9,121 on Pauahi St., and 23,107 on Hawaii Belt Rd to Kamehameah Ave. South. (D.O.T.2024) 8 minutes to Hilo International Airport. Ideal for Drive Thru Food Service, Tour Activities, Retail, Contractor, or redevelopment. Within 5 minutes walking distance to Federal, State, County offices, Hilo Farmers Market, banks, stores, restaurants, offices, Hilo Bayfront Beach Park, canoe houses, boat ramp, docks, King Kamehameha the Great statue, Naniloa Golf Course, Lili'uokalani Gardens and Hilo Hawaiian Trademark Hotel, and the Grand Naniloa Hotel Double Tree by Hilton. Shoreline Management Area (SMA) zone. Located in the center of Wailoa Park. Very rare investment opportunity. Formerly a retail / gas outlet Underground tanks were removed and Environmental studies completed.
Vacant, easy to show on short notice. Call or text for fastest response. Being sold in "as is' condition. Seller will not make repairs or credits. Buyer to perform all inspections and due diligence. Information herein is deemed reliable but not guaranteed.
1. Property also available for Lease or Lease with option to buy.
2. Military 6x6 Truck (about 600+ mileage) parked in front for sale Includes ATV in garage. $25k.
Vacant, easy to show on short notice. Call or text for fastest response. Being sold in "as is' condition. Seller will not make repairs or credits. Buyer to perform all inspections and due diligence. Information herein is deemed reliable but not guaranteed.
1. Property also available for Lease or Lease with option to buy.
2. Military 6x6 Truck (about 600+ mileage) parked in front for sale Includes ATV in garage. $25k.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$8,265
|
$5.89
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,265
|
$5.89
|
Financial Summary (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $8,265 |
| Annual Per SF | $5.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,265 |
| Annual Per SF | $5.89 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,404 SF
Building Class
C
Year Built
1961
Price
$2,720,211 CAD
Price Per SF
$1,937.47 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
CG-7.5 - Commercial General
Parking
10 Spaces (7.12 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Signalized Intersection
- Drive Thru
- Storage Space
- Fiber Optic Internet
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-2-2-004-060-0000 | Total Assessment | $772,458 CAD |
| Land Assessment | $446,579 CAD | Annual Taxes | $8,265 CAD ($5.89 CAD/SF) |
| Improvements Assessment | $325,879 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
3-2-2-004-060-0000
Land Assessment
$446,579 CAD
Improvements Assessment
$325,879 CAD
Total Assessment
$772,458 CAD
Annual Taxes
$8,265 CAD ($5.89 CAD/SF)
Tax Year
2025
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Presented by
Hilo Farmers Market Realty, LLC
744 Kamehameha Ave
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