Location, location, location! If you're looking for a good location in Hilo to build your home or rental unit, here's a lot you should consider. Being so close (less than 5 min.) to schools, grocery stores, shopping, medical offices, gas stations, and other amenities will definitely be an attraction for someone looking for a place to call home. Part of the lot is in Flood Zone AE and X so buyer should do their due diligence and explore the possibilities of obtaining an elevation certificate and other building requirements to mitigate building and insurance costs.