$1,750,000
$1,890,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
1 Bath
7,372 SqFt
SOLD DATE : 03/10/2026
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,372 sqft
Price per Sqft $237
Subdivision Hilo Town
MLS Listing ID 725131
Sold Date 03/10/26
Half Baths 1
HOA Y/N No
Year Built 1958
Annual Tax Amount $7,973
Tax Year 2025
Lot Size 8,791 Sqft
Property Sub-Type Retail
Source Hawaii Information Service
Land Area 8791
Property Description
Prime Bayfront Commercial Property – Hilo, Hawai‘i Discover a rare investment opportunity in the heart of Hilo's bustling bayfront district. This well-maintained 7,372 sq. ft. commercial building features a thriving health food store along with two additional retail spaces, all with long-term tenants in place — providing a stable, income-producing asset from day one. Recently painted and carefully maintained, the property offers a highly visible location on Bayfront Drive, surrounded by popular local businesses, restaurants, and tourist destinations. Ample free street parking and steady foot traffic make it an ideal setting for continued retail success. Property Highlights: • Total Building Area: 7,372 sq. ft. • Three retail units, including an established health food store tenant • Long-term leases in place – consistent rental income • Recently painted exterior – clean and well-kept appearance • Prime Bayfront location with excellent visibility and signage potential • Ample street parking and strong pedestrian presence • Convenient access to downtown Hilo and major transportation routes Whether you're seeking a turn-key investment or a high-exposure retail property in one of Hilo's most desirable commercial areas, this property offers both stability and future upside potential at this very popular tourist destination!
Leasable area breakdown: 290-292 Kamehameha Ave. 3,870 sqft. 300 Kamehameha Ave. 1,790 sqft. 302 Kamehameha Ave. 1,712 sqft.
Location
State HI
County Hawaii Island (big Island)
Community Hilo Town
Area Hi
Zoning CDH
Region South Hilo
City Region South Hilo
Interior
Window Features Skylight(s)
Exterior
Parking Features Other
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
View Y/N Yes
Water Access Desc Public
View Bay, Ocean
Topography Level
Garage No
Private Pool No
Building
Lot Description Interior Lot
Unit Features Single Level
Entry Level One
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Special Listing Condition Fee Simple, Standard
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