Hilo Town Homes with Leasehold Land tenure

Welcome to Hilo Town, a picturesque gem nestled on the Big Island of Hawaii! Known for its lush landscapes, vibrant culture, and rich history, Hilo is a charming coastal community that offers a unique blend of natural beauty and small-town warmth. As the largest town on the island, Hilo boasts an array of local shops, farmer's markets, and delightful eateries that celebrate the flavors of Hawaii.

One of the defining features of Hilo is its stunning surroundings. With breathtaking views of Mauna Kea and lush rainforests, outdoor enthusiasts will find plenty to explore. From the stunning Rainbow Falls to the serene Liliuokalani Gardens, the area is a paradise for nature lovers. Hilo’s proximity to the ocean also means residents can enjoy beautiful beaches and a variety of water activities, from surfing to snorkeling.

When it comes to housing options, Hilo Town offers a variety of homes, including those on leasehold land. Leasehold properties in Hilo provide an excellent opportunity for buyers looking for affordable options in this stunning locale. These homes often come with lower purchase prices, making it easier to own a piece of paradise without breaking the bank. While leasehold land means that the land is leased rather than owned outright, it can be a fantastic way to invest in Hilo's vibrant real estate market.

Whether you're seeking a cozy cottage, a spacious family home, or a charming condo with ocean views, Hilo Town has something for everyone. Experience the aloha spirit in this enchanting community, where every day feels like a vacation!

Newest Hilo Town Homes with Leasehold Land tenure

$250,000

2 Baths ⋅ 731795 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Unique and spacious location overlooking Kalakaua Park in downtown Hilo. This space has been home to a successful restaurant for many years and now it's ready for your dream of running your own restaurant to come true. Space comes fully furnished along with full kitchen set up and equipment.

110 Kalakaua St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$220,000

1 Baths ⋅ 720935 MLS ⋅ ['Leasehold'] Tenure

This is a leasehold property. Orchid Land Surfboards, a beloved fixture in the Big Island surf community for 53 years. Now, for the first time in its history, this beloved institution is being offered for sale. This well-established and locally loved retail business offers a prime bayfront location with high visibility, strong foot traffic, and easy access to parking and neighboring shops. The shop is well-positioned to capture tourist sales with minimal extra investment. The vibrant storefront features a curated selection of surfboards, boogie boards, beachwear, swimwear, accessories, and locally made goods, attracting both residents and visitors who appreciate Hawaii’s surf and beach culture. Orchid Land's original tees are worn with pride across the islands. Step inside and enjoy viewing the walls of memorabilia collected over the years. Founded and operated by Stan Lawrence, he refers to it as his museum. This is more than a business - it's a place people return to, year after year, for boards, gear and connection. Hilo welcomes weekly cruise ships with 2,000+ passengers, plus regular island visitors. Built-in marketing advantage: the shop’s daily surf report, broadcast seven times a day on four local radio stations, includes the store’s name in every update—providing valuable, no-cost exposure to thousands of listeners daily. The familiar voice of the legend himself is heard every day. Sale includes inventory, fixtures, branding, and established vendor relationships. Step right in and ride the wave of Hawaii’s year-round surf lifestyle. An exceptional opportunity for an owner-operator or investor looking to expand in Hawaii’s thriving lifestyle retail market. Untapped online sales potential. The shop is waiting for the right person to launch an online store. Don’t miss this rare chance to own an iconic piece of Big Island surf history. **This is a business sale only and does not include real property.**

262 Kamehameha Ave, HILO

Listing courtesy of Arabel L Camblor Realty.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.