What is the asking price for 260 Kamehameha Avenue?

The lease rate for space here is Contact for pricing.

What is the total size of 260 Kamehameha Avenue?

The property has a total square footage of 24,580 SF.

How many parking spaces are available at 260 Kamehameha Avenue?

Parking information for the property isn't currently listed. However, other nearby parking options include Staff and Visitor Parking, located 1.75 miles away , and Student Parking, which is 1.86 miles away.

260 Kamehameha Avenue, Hilo, HI 96720

For Sale $6,000,000
Property Type Retail
Property Size 24,580 SF
Date Updated Jan 9, 2026

Description

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

Contacts

Nicholas T. Adler

CBRE

Scott A. Crockford

CBRE

90/100 Walker's Paradise
68/100 Bikeable

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260 Kamehameha Avenue