138 KAMEHAMEHA AVE, Hilo, HI 96720
138 KAMEHAMEHA AVE, Hilo, HI 96720
138 KAMEHAMEHA AVE, Hilo, HI 96720
138 KAMEHAMEHA AVE, Hilo, HI 96720
138 KAMEHAMEHA AVE, Hilo, HI 96720
138 KAMEHAMEHA AVE, Hilo, HI 96720
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$1,300,000

$1,775,000

26.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1 Bath

17,993 SqFt


SOLD DATE : 08/14/2026

Key Details

Sold Price $1,300,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 17,993 sqft

Price per Sqft $72

Subdivision Hilo Town

MLS Listing ID 727693

Sold Date 08/14/26

Half Baths 1

HOA Y/N No

Year Built 1941

Annual Tax Amount $1,619

Tax Year 2025

Lot Size 0.323 Acres

Property Sub-Type Retail

Source Hawaii Information Service

Land Area 14087

Property 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.

Location

State HI

County Hawaii Island (big Island)

Community Hilo Town

Area Hi

Zoning CDH

Region South Hilo

City Region South Hilo

Interior

Hot Water Electric

Exterior

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected

View Y/N Yes

View Ocean

Topography Fairly Level

Garage No

Private Pool No

Building

Lot Description Corner Lot, See Remarks

Unit Features Multi-Story

Others

Ownership Full

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Fee Simple, Standard

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Hawaii Information Service (HIS)
Listed by Hilo Bay Realty LLC

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