Map of Property

260 Kamehameha Avenue

For Sale

260 Kamehameha Avenue, Hilo, HI 96720

This Hilo property for sale is located at 260 Kamehameha Avenue. The current listed sale price for 260 Kamehameha Avenue is $6,000,000.

Contacts

broker
Nicholas T. Adler

CBRE

broker
Scott A. Crockford

CBRE

Property Details

  • Property Type Retail
  • Property Size 24,580 SF
  • Date Updated Jun 10, 2025

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.

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. This amenity currently enhances tenant and customer convenience and owner revenue.
Turnkey Asset | Recent roof improvements, minimizing immediate known capital expenditure requirements for new owners
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Getting around

  • 85/100

    Walk Score ®

  • 69/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hilo, HI
  • Zip Code 96720
  • Market Honolulu

Points of Interest

  • Shell

    0.14 miles

  • Aloha Petroleum

    0.16 miles

  • Hele

    0.17 miles

  • Texaco

    0.52 miles

  • 76

    1.45 miles

  • Ohana Fuels

    1.71 miles

  • HFN

    1.85 miles

  • Staff and Visitor Parking

    1.75 miles

  • Student Parking

    1.86 miles

  • Trailer Parking

    1.94 miles

  • Commuter Parking

    2.83 miles

  • Cell Phone Lot

    2.85 miles

  • Employee Parking

    2.90 miles

  • Rental Car Return

    3.09 miles

  • Loved By The Sun - Big Island Juice Bar

    0.01 miles

  • Puka Puka Kitchen

    0.01 miles

  • Saucy Dogs

    0.01 miles

  • Tamari

    0.02 miles

  • Ocean Sushi

    0.05 miles

  • Cafe Pesto

    0.06 miles

  • Mi Bueno Burrito

    0.06 miles

  • Aloydee's Thai Cuisine

    0.06 miles

  • Dragon Kitchen

    0.07 miles

  • Amigo Mexican Food

    0.07 miles

  • KTA Super Stores

    0.07 miles

  • Sack 'n Save

    0.19 miles

  • Kilauea Market

    1.04 miles

  • Hilo Shopping Center

    1.12 miles

  • Island Naturals Market and Deli

    1.14 miles

  • Manono Marketplace

    1.32 miles

  • Waiakea Kai Plaza

    1.39 miles

  • Ross

    2.12 miles

  • Waiakea Center

    2.21 miles

  • Walmart

    2.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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