Kukuau - 1st Homes with Fee Simple Land tenure

Kukuau - 1st Homes with Fee Simple Land tenure

Welcome to Kukuau - 1st, a charming neighborhood nestled in the heart of Hilo, Hawaii. This delightful community offers a unique blend of tropical beauty and a vibrant local atmosphere, making it a perfect place for families, retirees, and anyone looking to embrace the island lifestyle.

Kukuau - 1st is characterized by its lush landscapes, with stunning views of the surrounding mountains and proximity to the breathtaking coastline. The area boasts a variety of homes with Fee Simple land tenure, providing residents with complete ownership and the freedom to truly make their property their own. This aspect is particularly appealing for those looking to invest in their dream home or create a personal oasis in paradise.

The neighborhood is conveniently located near essential amenities, including shopping centers, schools, and healthcare facilities. Residents can enjoy the warm, welcoming spirit of Hilo, with its rich cultural heritage and a plethora of local events throughout the year. Whether you're exploring the farmer's markets, indulging in delicious local cuisine, or soaking in the vibrant arts scene, there's never a shortage of activities to engage in.

Outdoor enthusiasts will find themselves in heaven, with easy access to nearby parks, hiking trails, and stunning beaches. The gentle trade winds and tropical climate enhance the allure of Kukuau - 1st, making it an ideal spot for those who appreciate the great outdoors.

In Kukuau - 1st, you’re not just buying a home; you’re investing in a lifestyle that celebrates the beauty of Hawaii. Come discover the charm of this enchanting neighborhood and find your piece of paradise today!

Newest Kukuau - 1st Homes with Fee Simple Land tenure

$649,000
2 Baths 727849 MLS ['Fee Simple'] Tenure Ululani Professional Center BLDG.
Looking for office space? Why lease when you can own? Ululani Professional Center is a well-located, four-unit fee simple office condominium in Hilo, offering a rare opportunity to own professional office space. Unit #4 is now available—an uncommon chance for professionals in Hilo to secure ownership in a limited inventory building. This front, corner unit features double main entrances and was formerly used as a law office. The flexible floor plan includes multiple private offices, cubicle areas, a conference room, kitchenette, and storage closets. Coved and vaulted ceilings create an open, spacious feel, and the original design incorporated features suitable for future conversion to a medical office. Ample paved parking is located just outside this corner unit. Two main entry doors allow for the potential of subleasing, while a rear entry provides added convenience. Conveniently located near the Central Police Station, shopping, dining, and State and County offices. Enjoy the added perk of a short three-minute walk to one of Hilo’s most popular gyms. The property is part of a very reasonably priced, self-managed association. Opportunities to own fee simple professional office space in Hilo are limited—this is a compelling option for professionals looking to control their future. Easy to see.

899 Ululani Prof Center Unit 4, HILO

Listing courtesy of Corcoran Pacific Properties.

$3,238,000
721953 MLS ['Fee Simple'] Tenure
Exceptional opportunity to acquire a well-maintained, two-story commercial building currently under a True Triple Net (NNN) long-term lease with a single tenant. Encompassing approximately 11,996 square feet of ADA-compliant interior space, the building features an elevator, multiple private offices, conference rooms, and flexible-use spaces—some previously configured for residential use. Both floors include central reception areas, men’s and women’s restrooms, with showers located on the ground floor. A dedicated laundry room with washer/dryer hookups adds further utility. Offering a solid return on investment with a current annual cap rate of 6.78%, this property presents a rare chance for income-focused investors. The tenant pays all property taxes and maintenance costs, and the lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring a strong, inflation-adjusted income stream. Strategically located on Ululani Street directly across from the Hilo Police Department, this property is outside the Tsunami Evacuation Zone and offers a south-facing front entrance—a desirable attribute for those mindful of Feng Shui. The building’s design and history of use provide exceptional versatility. It has served as a residential medical treatment center, extended educational facility for the University of Hawaii, and temporary offices for County of Hawaii mayors. A new air conditioning system was installed in 2024, adding further value and comfort for current and future occupants. Secure, paved, off-street parking is included. Its downtown Hilo location offers convenience to government offices, legal centers, and medical facilities. Please do not disturb the tenant or access the property without authorization. No site visits permitted.

891 Ululani St, HILO

Listing courtesy of Pacific Image Properties.

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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.