Ad #7528413
MLS #727693
Exceptional Commercial Opportunity in Heart of Downtown Hilo
138 KAMEHAMEHA AVE, Hilo, HI 96720
$1,775,000
--Beds
1Baths
17,993Sqft
0.32Acres
About this property
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 Features
0 Beds
1 Baths
17,993 Sqft
Built in 1941
0.32 Acres
$1,620 / yr property tax
HILO TOWN Community
Additional Photos
Contact Information
Cathy Fedak
Hilo Bay Realty
808-936-3982
Location
Listing Agent: Cathy Fedak 808-936-3982
Broker: Hilo Bay Realty 808-987-3215 Listing Site
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.
Broker: Hilo Bay Realty 808-987-3215 Listing Site
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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,775,000
--
Beds
1
Baths
17,993
Sqft
138 KAMEHAMEHA AVE, Hilo, HI 96720
By contacting this agent you agree to these Terms and Conditions.
MLS# 727693
Exceptional Commercial Opportunity in Heart of Downtown Hilo
$1,775,000
138 KAMEHAMEHA AVE, Hilo, HI 96720
--
Beds
1
Baths
17,993
Sqft
0.32
Acres
$1,775,000
138 KAMEHAMEHA AVE, Hilo, HI 96720
-- Beds
1 Baths
17,993 Sqft
0.32 Acres
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.
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Property Details
HOME DETAILS
0 Beds
1 Baths
17,993 Sqft
Built in 1941
0.32 Acres
FINANCIAL & COMMUNITY
$1,620 / yr property tax
HILO TOWN Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7528413
Viewed
159 times
Listing Status
Active Under Contract
Added
Apr 06, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Hawaii Information Service
Source Property ID
727693
Listing Agent: Cathy Fedak 808-936-3982
Broker: Hilo Bay Realty 808-987-3215 Listing Site
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.
Broker: Hilo Bay Realty 808-987-3215 Listing Site
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.
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