Commercial, Steel Frame - HILO, HI
Now priced below appraised value: One of Downtown Hilo's largest commercial buildings.
A steel frame structure standing three stories tall
with over 21,000 square feet under roof, the Hilo Plaza building is located conveniently in the heart of Downtown Hilo, a
historic market district currently enjoying a cultural and economic renaissance not unlike those experienced in other port
cities in recent memory.
Excellent income potential in a great location! Ground floor retail spaces sport excellent frontage
along Kinoole Street, one of Hilo’s busiest thoroughfares, while second and third floor office spaces have ADA friendly
elevator access. An impressive array of fiber optics infrastructure provides future-proofing, and the building is a prime
candidate for CPR (condo conversion), allowing flexibility for both mixed-use development and single-user ownership.
Interior spaces range from approximately 400 sqft to 2,500 sqft and current tenant profiles include retail, restaurant,
professional, and medical service industries.
Located just steps away from the Hilo Federal Building, Farmer’s Market, and
famed Hilo Bay. Highway 11 (primary round-the-island thoroughfare) is less than a quarter mile away.
East Hawaii represents one of the fastest growing areas in the state. Ample rain and sun allow for an ideal climate with year-round
growing conditions, while a deep water harbor, international airport and thriving university district provide an excellent
backbone for continued economic growth.
Rent data and a recent commercial appraisal report are held on file, for review
by serious prospects only (requires paper proof of financial backing, owner approval, and a signed confidentiality
agreement prior to release).
Building blueprints are also on file. The property is being sold “As Is.”
Would you like more information regarding this property?
Please call (808) 589-2040.
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