The subject location at 144 Kamahameha Ave, Hilo Hawaii, in just outside the heart of Downtown Hilo, which offers an extraordinary opportunity in the much-anticipated renaissance of the shopping and dining district in this dynamic part of the Big Island. Hilo is one of the largest population centers in the Hawaiian Islands and offers strong growth potential. The downtown district in Hilo is a unique and genuine Hawaiian treasure. This is a landmark historic building that has great street visibility, presence and is highly trafficked. The space is currently home to a shopping bazaar, but has full availability to lease out the entire building. . The first floor spaces are suitable for retail/ restaurant use and the mezzanine floor spaces are appropriate for service use, however could also function for retail use. The basement level boats enough space for a self storage facility. Street Front Parking Ocean and Mountain Views in walking distance to many great shops and restaurants The Building is located on the beautiful Hilo Bayfront and offers gorgeous ocean views. This high-quality commercial space is located in the very heart of Historic Hilo and is near to the town center. This property is very highly trafficked by both visitors and locals. The building is located in an Opportunity Zone Program. Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Its stated purpose is to encourage entrepreneurship and expansion capital for distressed areas. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones.
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Listing information last updated on April 2nd, 2020 at 5:25am HST.