Welcome to Hilo Lagoon Centre—an ideal setting for your business office! Join a distinguished community of professionals, including attorneys, therapists, med spa specialists, and even a ministry. Unit 117 was fully renovated in 2021 and features upgraded tile flooring, modern light fixtures, fresh paint, and a newly installed sink. The popcorn ceiling has been removed, and a new A/C unit was installed in 2024. Open the sliding glass door to the private lanai to enjoy the relaxing sound of water trickling down the rocks and a serene view of the koi pond. The monthly AOAO fee includes electric, water, sewer, basic cable, trash collection, and maintenance of the grounds and common areas. You’ll have access to a spacious conference room for meetings and seminars, and the building features 24/7 security for your safety. Additionally, the bottom floor, where Unit 117 is located, is secured with robust glass doors which are locked each night for extra peace of mind. Relax during your breaks or after work at the refreshing in-ground pool, complete with private bathrooms, showers, and a BBQ area for gatherings with friends and family. The information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Agents and buyers are advised to independently verify any information they deem important.
GREAT INVESTMENT OPPORTUNITY. Penthouse commercial suite available in the highly desirable and convenient Hilo Lagoon Centre located next to the State and County building, Wailoa State park, banks, various retail, office, restaurants, and coffee shops. The Hilo lagoon Centre has24 hour security and host a variety of businesses including but not limited to law offices, accounting office, healthcare, etc. The suite is divided into 5 spaces occupied by three Tenants and has breathtaking views of the Wailoa State Park. This suite also has the possibility of being subdivided into two TMK's. The sale also includes 2 restrooms, 4 reserved parking stalls, and 2 floating parking stalls. The building has a pool and conference room available for owners and tenants use. Monthly maintenance fees are currently $3,040.58 for 2025 and includes electric, water, sewer, and common area maintenance. Information herein deemed reliable, but buyer and buyers agent to do their own due diligence of all pertinent facts. Do not disturb Tenants. Agent must be present for showings. 48+ hours notice required to schedule showings.
Create your dream on this amazing and unique property located in Downtown Hilo. Welcome to a rare investment opportunity—this stunning property offers a unique blend of commercial and residential spaces, perfect for those seeking versatility. Nestled within lush tropical gardens, complete with a serene pond and mature trees, this space is a true urban oasis. This property located on an iconic corner of Downtown Hilo has been restored, revitalized and designed with many beautiful details. Currently used as a successful vacation rental and event space. A new owner could expand this business or add to it as described above. The property features four charming homes and two modern apartments, ideal for extended stays or short-term rentals. The commercial event space is designed to accommodate a variety of functions, from corporate events to private gatherings, with ample room for customization. Whether you’re looking to generate income through rentals or create a vibrant community hub, this property offers limitless potential. Seize the opportunity to own a slice of paradise with endless business possibilities!" Located in Opportunity Zone with possible benefits that include temporary tax deferral, step-up in basis/permanent exclusion from taxable income of capital gain Whatever your heart desires; hotel, restaurant, bar, retreat center, event space, etc. this gem is secluded and private yet minutes away from Hilo's famous Bayfront stores and coastline. Behind the commercial building there is an established private and secured garden and Koi pond with mature fruit trees, extensive landscaping and four homes plus two studio apartments.
Located in the heart of the Hilo Industrial Area - Just a block away from the entrance to Hilo Harbor/Pier. This Rarely Available Site in the Hilo Industrial Area is ready for your vision! This lot is level and includes an older metal & wood construction building that is approx. 1,500 sq feet, which is currently on a month to month contract at $1,500/mo plus tenant pays the property taxes - The location is ideal and the zoning is MG-1!!! Off street parking is possible- There is no running water. The availability of acquiring a water meter is not guaranteed. Buyers and/or their agents should investigate this directly with the Department of Water Supply & inquire with the Department of Health/Waste Water Division regarding availability to the sewer connection or some alternative waste water plan. *ALL information provided is deemed reliable, but is NOT guaranteed. ALL interested parties should perform their own due diligence including but not limited to verifying any and all information via a professional inspection report, a survey report, any other environmental reports, the County of Hawaii and any square footages should be verified via an appraisal report.
Prime investor/owner-user opportunity in Hilo's Industrial area! This CG-7.5 zoned prop. consists of two well-maintained bldgs totalling 12,424 sf, on a 22,900 sf level lot. The front two-story 3,174 sf CMU bldg could potentially house up to 8 office/retail units (some units have been combined). There are 8 elec. meters and 4 common restrooms. The rear 9,250 sf warehouse (WH) bldg could potentially house up to 8 high-cube WH units (some units have been combined). WH spaces: One-1,000 sf, Three-1,250 sf, Two-2,250 sf. There are 8 roll-up doors and 8 elec meters with three-phase service. There are 9 restrms in the WH bldg (4 restrms have showers). The prop. has 1 comm. elec mtr, 1 comm. water mtr, and 26 pkg stalls. The prop. is located less than 2-miles from Hilo Int'l Airport and Port of Hilo.
Excellent opportunity to own a solid income producing property in a mixed use, high traffic, highly visible area great for investors or owner occupants alike. Currently yielding an annual profit of approximately $132K a year with a long term lease in place thru February 1, 2029. Property is currently home to a single use tenant but has been home to multiple tenants in the past with parking in both the front and back of the building plus separate electric meters renting to multiple tenants is simple. Front office and back warehouse with mezzanine each have their own entrances and are already conveniently separated with connecting interior access via hallway to 2 half bathrooms. Front office space is currently built out with 7 private offices, common area with cubicles, and break room. Recent updates include new roof in March 2024, new air conditioning compressor in September 2018, and 135 PV panels with 3 inverters in December 2014 Interior showings will be granted to qualified Buyers only; please be prepared to provide proof of cash funds or pre-approval letter from a reputable lending institution. DO NOT DISTURB CURRENT OCCUPANTS The information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Buyer and Buyer's agent to do due diligence. Agents and buyers are advised to independently verify any information they deem material or important to the decision to purchase the property including, but not limited to, the condition, permits and square footage of the property. Square footage is approximate and should be verified by an appraisal.
Located in prestigious Hilo Lagoon Centre. Sale includes 3/2-2-14:010-25&26. Total square footage is 1,518 SF. CAM for 25 is $784.55/month and $951.89/month for 26. The CAM charges include payment for electricity, water, & sewer. The units have separate entrance doors and could be utilized by two businesses. There are a total of five private offices, a kitchen, and a bathroom with a shower. The units have two reserved parking stalls and two that are "floating". The units are currently vacant, but very usable in current condition.
This exceptionally built 3 story solid concrete commercial building has recently undergone a $300,000 renovation! The Hilo Plaza is an outstanding downtown Hilo building!! Improvements include new central rooftop air conditioning, over $100,000 for exterior building paint, new office doors/hardware, major plumbing & ADA accessibility improvements. Hilo Plaza has been meticulously maintained and improved over the last 30 years by the current owner!! VERY CLEAN and TIDY! Rarely do you find a building with this unique gorgeous architectural design and appeal AND in beautiful turn key condition. Located in historical downtown Hilo, which is the second largest metro area in the State of Hawaii. This is an ideal investment opportunity. A national anchor tenant occupies the majority of the 3rd floor and a portion of the 2nd floor for their administrative offices. Qualified purchasers will be supplied with all the current lessees, leases, income and expenses. Possible small Purchase Money Mortgage MAY be possible for the right buyer. *All information is deemed accurate & reliable, however all interested parties, agents & buyers are cautioned to perform their own due diligence regarding all matters pertaining to this property. Square footage to be verified by an appraisal report or other means acceptable to the buyer.
Enjoy serene views of the water garden and the bridges and walking paths of Wailoa State Park from this ground floor office unit featuring 4 separate offices with doors and an open reception area in downtown Hilo in the Hilo Lagoon Centre, conveniently located within walking distance to county government offices, courthouse, restaurants, shopping, and more. Hilo Lagoon Centre is a mixed use commercial and residential building, and the only 24/7 air-conditioned building with on-site management. This well-maintained premier building has ample parking for visitors and tenants. Building amenities include swimming pool and sundeck for relaxing after work, conference room for your business presentations and meetings, passenger elevators, and freight elevator. Property tax is waived because the long-time tenant is a department of the State of Hawaii. The current lease expires in June 2026. The rent is $971.52/month until 06/30/2024, and will increase to $986.70 per month starting on 7/1/2024. In addition to the rent, the tenant pays the monthly CAM fees and fees for 2 parking stalls, one is a deeded space and the other is a floating space. The CAM includes electricity, basic cable, water, sewer, trash pick-up, air conditioning and maintenance of the grounds and common areas. There is also an additional income flow of $85/month from renting out two parking spaces to separate businesses. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
Hilo is located in Hawaii. Hilo, Hawaii has a population of 46,559. Hilo is less family-centric than the surrounding county with 24.55% of the households containing married families with children. The county average for households married with children is 25.67%.
The median household income in Hilo, Hawaii is $70,356. The median household income for the surrounding county is $68,399 compared to the national median of $69,021. The median age of people living in Hilo is 39.9 years.
The average high temperature in July is 81 degrees, with an average low temperature in January of 63 degrees. The average rainfall is approximately 143.1 inches per year, with 0 inches of snow per year.
