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About This Home

This 0-bedroom, 1-bathroom commercial at 144 KAMEHAMEHA AVE in Hilo, HI is listed for $1,775,000 ($99 per sqft). Built in 1941, the home offers 17,993 sqft of living space on a 0.32 acres lot.

Agent 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.

Key Features

  • Built in 1941
  • 0.32 acre lot

Property Details

1 half
1941

Amenities

View

Monthly Cost Estimate

$9,493/mo

20% down · 6.5% · 30 years

Principal$1,284
Interest$7,692
Insurance$518

Estimates only. Actual payments may vary.

Location

144 KAMEHAMEHA AVE

Hilo, HI 96720

HILO TOWN

Property Details

Views

Ocean

Questions & Answers

This 0-bedroom, 1-bathroom commercial at 144 KAMEHAMEHA AVE is listed at $1,775,000 ($99/sqft). The estimated monthly payment is $7,692 based on 20% down at 6.5% interest.

Key features include: Built in 1941, 0.32 acre lot.

This property is listed by Cathy Fedak and can be reached at 8089363982 or cathy@cathyfedak.com.

CF

Cathy Fedak

Agent at Hilo Bay Realty LLC

(808) 936-3982

Listed by Hilo Bay Realty LLC

MLS# 727693· Source: listhub· Updated 4 days ago

Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

144 KAMEHAMEHA AVE, Hilo, HI 96720

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