144 KAMEHAMEHA AVE, HILO, HI 96720

Exceptional Commercial Opportunity in Heart of Downtown Hilo

Listing Provided by: Hilo Bay Realty LLC
MLS #: 727693
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo

Description

Exceptional Commercial Opportunity in Heart of Downtown Hilo Property Overview Located at 144 Kamehameha Ave, this substantial asset represents a rare acquisition in East Hawaii's premier business district. The property encompasses approximately 13,539 square feet of building area, complemented by an expansive 4,231 square foot mezzanine designed for storage and receiving operations. Operational efficiency is enhanced by a side easement driveway, providing truck access. The CDH (Downtown-Hilo Commercial District) zoning offers versatile commercial potential, allowing for various uses to be verified through buyer due diligence. Its proximity to the Hilo waterfront and local amenities makes it an ideal choice for owner-users or investors looking for a strategic repositioning project. The property is offered in as-is condition. Property Highlights • Prime Downtown Hilo location on Kamehameha Avenue • Zoned CDH • Approx. 13,539 SF building area per tax records • Additional approx. 4,231 SF mezzanine area • Mezzanine suited for storage and receiving • Side easement driveway • Access suitable for trucks • Large commercial footprint in central Hilo • Near the Hilo Farmers Market, waterfront, restaurants, retail, and services • Potential owner-user or investment opportunity • Possible repositioning potential, subject to buyer verification • Property offered as-is • Building has office spaces, huge storage rooms, massive retail area and so much potential for owner to create an ”all-in’one” location. • Sale includes Tax Map Keys (3) 2-3-07: 09 & (3) 2-3-07: 39. • Phase I & II Environmental Site Assessment Reports completed Amazing opportunity to purchase a prime property located on Kamehameha Avenue, across the street from Hilo Bayfront, in the center of Hilo’s business and tourist activities. Buyers are to do their own due diligence with regards to the information provided.

Property Details

Price: $1,775,000
Sold Price:
Address: 144 KAMEHAMEHA AVE, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type: Multi-Story

Total Bedrooms:
Total Bathrooms: 1
Full Baths:
Living Area: 17,993 Square Feet

Listed by: Hilo Bay Realty LLC
Year Built: 1941
Levels:

Features and Amenities

Interior Features:
Exterior Features:
View: Ocean
Pool:
Pool Features:

Appliances:
Fireplace Features:
Flooring:
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features:
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: HILO TOWN
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone: 3
Flood Zone: AE, X

Land Information

Lot Size: 14,087 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features: Corner Lot, See Remarks
Frontage Type:
Roads: County, Major Thoroghfare, Paved, Street Lights
Roads Frontage Type: Road/Street
Zoning: CDH
Horse Amenities:

Additional Details

Assessed Tax Value: $1,480,000
Annual Tax: $1,620
Tax Year: 2025
Tax Lot: 2
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: Private Contractor

First Listed April 6, 2026, 11:15 am
Last Updated April 6, 2026, 11:23 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available: Appraisal

© 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. IDX and Information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.