Hilo Town Homes with Fee Simple Land tenure

Welcome to Hilo Town, a vibrant gem nestled on the lush eastern coast of the Big Island of Hawaii. Known for its rich cultural heritage and breathtaking natural beauty, Hilo offers a unique blend of island living, community spirit, and stunning landscapes. With its warm and welcoming atmosphere, Hilo Town is the perfect place to call home.

As you stroll through the charming streets, you'll discover a delightful mix of local shops, farmers' markets, and eateries that showcase the island's culinary delights. The famous Hilo Farmers Market, open daily, is a must-visit, where you can savor fresh produce, artisanal goods, and handmade crafts from local vendors. Additionally, Hilo is home to a variety of cultural events and festivals, celebrating everything from hula to the arts, making it a vibrant hub of activity.

For those considering a move to Hilo, the homes in this area often come with fee simple land tenure, providing homeowners with full ownership of both the property and the land it sits on. This offers a sense of security and investment that is highly valued in the real estate market. Whether you’re looking for a cozy bungalow, a charming plantation-style home, or a modern residence with ocean views, Hilo Town has something to suit every taste and lifestyle.

Nature enthusiasts will revel in the nearby attractions, including the stunning Akaka Falls, lush rainforests, and the scenic coastline that beckons for exploration. With a perfect blend of community, culture, and natural beauty, Hilo Town is not just a place to live; it’s a lifestyle waiting to be embraced. Come and discover the magic of Hilo, where your dream home awaits!

Newest Hilo Town Homes with Fee Simple Land tenure

$179,000

730234 MLS ⋅ ['Fee Simple'] Tenure

Turnkey cafe opportunity with extensive leasehold improvements already in place. Just the cafe is for sale and its improvements, the new owner would need to have their own business name and concept. The business Coffee Girl is not for sale. This stylish and well maintained cafe features a welcoming customer seating, upgraded tile flooring and counter, commercial cold kitchen, updated plumbing, and quality fixtures throughout. Designed for efficient daily operations, this space offers excellent workflow for coffee flow service, food preparation, and customer experience. The cafe is located in a high-visibility area with strong foot traffic and convenient access for both local and visitors. Leasehold improvements provide significant value for a new owner looking to step into an established setup without the cost of delays of a full build-out. Ideal for an owner-operator, coffee concept, bakery, brunch spot, or a specialty business gelato or ice cream. Sale includes leasehold leasehold improvements, furniture, fixtures, and equipment, creating a ready-to-operate opportunity with growth potential.

42 Waianuenue Ave, HILO

Listing courtesy of Coast Properties Ltd..

$1,650,000

7 Baths ⋅ 730008 MLS ⋅ ['Fee Simple'] Tenure

Two separate commercial buildings with high visibility and convenient central location just above downtown Hilo. First building is 1,840 sqft. with long term tenant (dental office)and the second building offers 2 additional units adding an additional 2,976 sqft. and is currently fully occupied. The property also includes the 16 stall parking lot which is a rarity in the downtown area.

224 Haili St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$899,000

729307 MLS ⋅ ['Fee Simple'] Tenure

High visibility corner location, entrance to historic downtown Hilo and adjacent to the Hilo Farmers Market and Shell gas station. High traffic corridor. Average Annual Daily Traffic count is 9,780 (D.O.T. 2024). Unique, meaning the only stand alone building on Kamehameha Ave in downtown Hilo with a gated, open lanai with expansive ocean and park views, perfect for a cafe or tourist activity service. In addition to rarity, a fenced rear lot for several parking stalls, food trailer, or outdoor storage. Located just across Kamehameha Ave. is Mooheau bandstand, bus station and park. Open Hilo bay views. In 2025, Hawaii DBEDT reported approximately 1.32 million visitors in the first 9 months to Hawai'i island. It is estimated that roughly 20-30% or 264,000 to 396,000 visited the downtown Hilo area. CDH- commercial downtown Hilo zone, one of the highest and dense use zoning allowed on the Hawai'i Island. Perfect for owner- user with mid- long term business model. Be a part of this thriving, waterfront, business community with this highly desirable opportunity! SMA zone

374 Kamehameha Ave, HILO

Listing courtesy of Hilo Farmers Market Realty LLC.

$1,775,000

1 Baths ⋅ 727693 MLS ⋅ ['Fee Simple'] Tenure

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.

138 Kamehameha Ave, HILO

Listing courtesy of Hilo Bay Realty LLC.

Start Your Search

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.