Kailua Kona and Kohala Coast Real Estate Search

Commercial Properties

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Chiaki Yamada is a broker/agent with KW Big Island who specializes in the sale and purchase of Industrial, Office, Multi-Family and Vacant Land. With more than 13 years of experience in the Big Island real estate industry, Chiaki’s attention to detail and commitment to customer service are keys to her success.

 

She proactively performs Real Estate duties resulting in successful closings. Born & raised in Japan, worked as Director of Sale East Coast for Shiseido Cosmetics America in NYC before this real estate career. Chiaki speaks fluent Japanese and English, as well as conversational Spanish, and is considered one of the island’s top brokers for international clients.

Newest Commercial Listings

$625,000
7 Beds ⋅ 4 Baths ⋅ 731620 MLS ⋅ ['Fee Simple'] Tenure
Versatile 7-Bed, 4-Bath Home in HPP with the disclosure. This spacious property in highly desirable Hawaiian Paradise Park features 4 separate units, perfect for multi-generational living or a smart investment. Key Highlights: • Convenient Access: Located on a paved road with a 3-minute walk to the bus stop. • Prime Location: Just 15 miles from Hilo; nestled between Hilo and Pahoa for easy access to shopping, dining, and medical care. • Safe & Established: A quiet, popular neighborhood. • Peace of Mind: Located in Lava Zone 3 and Flood Zone X (low-risk), making financing and insurance straightforward. This home offers the perfect balance of serene island living and excellent financial potential. Property is not fully permitted. Square footage differs from public record. All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract.

15-1977 22nd Ave, KEAAU

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$950,000
4 Beds ⋅ 5 Baths ⋅ 731426 MLS ⋅ ['Fee Simple'] Tenure
Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking—an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.

75-190 Alakai St, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$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..

$742,000
4 Beds ⋅ 1 Baths ⋅ 731318 MLS ⋅ ['Fee Simple'] Tenure
Rarely does an opportunity to own property in Historic Hawi Town happen. The Original World Headquarters of Aloha Man is now available. Location, location, location! And Village Commercial CV-10 Zoning. In addition to the modest surf shack retail store, there is a small breezeway attached to a fully-exterior restored 4 bedroom, 1 bath home, with ocean and Maui views.

55-3411 Akoni Pule Highway Unit 1, HAWI

Listing courtesy of Kohala Pacific Realty.

$1,800,000
2 Beds ⋅ 3 Baths ⋅ 731331 MLS ⋅ ['Fee Simple'] Tenure
39-3296 OLD MAMALAHOA HWY

39-3296 Old Mamalahoa Hwy, OOKALA

Listing courtesy of RE/MAX Resort Realty - Wailea.

$610,000
4 Beds ⋅ 2 Baths ⋅ 731044 MLS ⋅ ['Fee Simple'] Tenure
Rare income-producing duplex walking distance to Downtown Hilo. Two spacious 2-bedroom, 1-bath units, each with upgraded electrical and plumbing, make this a smart choice for owner-occupants looking to offset housing costs or investors seeking a low-maintenance rental property. The duplex has performed well as both a long-term and hosted vacation rental. The upstairs unit has plantation-era charm with 9' ceilings, large double-hung windows, and a front lanai that overlooks mature tropical landscaping. Inside, the open kitchen and living area have been updated with granite countertops, new fixtures, and engineered hardwood floors. The kitchen includes a gas range and ample counter space, with a stacked washer/dryer tucked into the pantry. Two well-sized bedrooms share a full hall bathroom. R-30 attic insulation and Hilo breezes keep the temperature comfortable year-round. The property has piped propane gas, an uncommon feature in Hilo that helps keep utility costs low. A walking path leads to the lower unit, which opens into a screened lanai. Recent updates to this unit include vinyl flooring, drywall, fresh paint, LED lighting, and modern fixtures. The bright full bathroom features custom tile work. A hall closet provides extra storage, with in-unit laundry. A full-height basement sits below. The backyard is private and lush, with tropical foliage, a grassy area, and mature citrus. Situated on Lehua Street just over the Wailuku River in lava zone 8, the property is walkable to Downtown Hilo restaurants, K-12 public schools, the Farmers Market, public library, Kapalaoa Landing Beach Park, and the Bayfront recreation area. Showings by appointment only.

346 Lehua St, HILO

Listing courtesy of Salt Water Real Estate LLC.

$1,850,000
7 Beds ⋅ 5 Baths ⋅ 731108 MLS ⋅ ['Fee Simple'] Tenure
TRI-PLEX with COMMERCIAL zoning. Several options for you to consider: lease out commercial space, use as 3 steady long-term rentals, live in one rent out the others, family compound. Re-certify the former Commercial Kitchen for other ventures. With this favorable Commercial zoning, solid construction, and flexible configuration the property has much to offer. All 3 units are air-conditioned and comfortable. * Street frontage side = 1 bedroom / 1 bath would be ideal for an office / store / warehouse / maybe even a cafe. * Rear of building = 3 bedrooms / 1.75 baths + former Commercial Kitchen * Upstairs = 3 bedrooms / 2 baths with 2 entrances Hanapepe location is convenient to the Pacific Missle Range Facility (PMRF) workforce and only 18 miles to Lihue the County seat of Kauai. Nearby are such recreational opportunities Salt Pond Beach Park, Port Allen, Polihale and other Westside beaches, and the cool mountians of Kokee. Poipu is less than a half hour away. Enjoy Hanapepe Art Night, a vibrant, weekly community festival held every Friday in Kauai’s "biggest little town". Ease of ownership includes 3 washer / dryer hook-ups, on-demand water heating, and sewer connection for wastwater. Consider this terrific opportunity for investment and lifestyle. Rent Roll available.

3559 Hanapepe Rd Unit 3, HANAPEPE

Listing courtesy of RE/MAX Kauai - Princeville Office.

$924,000
6 Beds ⋅ 4 Baths ⋅ 730272 MLS ⋅ ['Fee Simple'] Tenure
Imagine having two permitted classic Hawaiian style homes on one lot. This well-built quality duplex has charm and significant income potential. Built and renovated by renowned local craftsman Don Svendsen. It has been meticulously maintained and updated with Sapele finish kitchen cabinetry, laminate and tile flooring. The building contains two separate three-bedroom, two-full-bathroom units, totaling six bedrooms and four full bathrooms. Each unit features individual carports, laundry rooms with included washers and dryers, covered front wood deck lanais and rear concrete patios. Thoughtful floor plans maximize the 2,112 square feet of interior space. Both homes offer peek-a-boo ocean views. Each home has its own permitted cesspool and electric meter. The water meter is shared. Carports and laundries separate the units in front and a privacy wall separates the patios in the back. The mature tropical landscape includes a food garden and productive fruiting and flowering trees. The front and back boundaries are fenced. The original roofing is high quality zinc aluminum with a baked enamel finish. The property is private yet near time honored destinations in the heart of historic Niulii. Private yard with hedges on all sides has tangerine, avocado, mango, moringa trees, lilikoi, striated ti and many mature tropical plantings. This parcel is walking distance to Keokea Park and two miles from mystical Pololu Valley, which has hiking trails and a black sand beach. Currently occupied by tenants; 48 hours advance notice is required.  Some furnishings are included.

52-277 Keokea Park Rd, KAPAAU

Listing courtesy of Algood Hawaii, LLC.

$382,000
1 Beds ⋅ 1 Baths ⋅ 729934 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waimea Town Plaza BLDG.
Executive desirable dual-zoned commercial units for sale under $385,000 in downtown Waimea aka Kamuela. You now have the flexibility for to live full-time, work in and or rent out as a vacation rental and live here part time. No need to shop for pots and pans, it's all here. ~Washer and dryer in unit ~9 Foot ceilings ~Custom enlarged shower with soap shower niche and Dutch tiles ~Built in custom cabinetry with quartz countertops and big kitchen island ~Stainless appliances, garbage disposal, hands free sink faucet, dishwasher and new 2026 stove has 3-year warranty ~On demand hot water ~ Smart large flat screen TV ~Extra storage built ins in hall and bedroom ~1 Deeded parking stall #16 and guest parking. Additional parking with a fee ~Mailbox on site ~Trash disposal ~Ground floor located on west side back corner of the building ~$705.78 Monthly association fee includes building insurance, water, exterior maintenance, trash service, sewer ~Current Taxes $3,361.94 ~Zoning CN-7.5 allows business, vacation rental and residential use (see attached County uses for CN 7.5 zoning) ~Building painted in 2025 and new roof in 2017 Heart of Waimea Kamuela- Walk to Queens Hospital, Keck, Canada France, churches, shopping, post office, schools, theater, sports, gym and offers a relaxed, tight-knit upcountry community with paniolo (cowboy) culture and beautiful ranch lands. It is just a short drive from the sunny, world-class beaches of the Kohala Coast. Most of the 20 units are being used for residential with a beauty salon and accounting are a couple businesses on site. Seller is owner and licensed Hawaii Realtor. Listed in MLS under Commercial MLS 729934 and Condo MLS 729902. Unit and inventory sold AS IS. Furniture may be different than pictures. House rules attached includes what pets are allowed. All information deemed reliable and not guaranteed. Buyer and buyer's agent to do due diligence.

64-1061 Mamalahoa Highway Unit 109, KAMUELA

Listing courtesy of Disney Associates, LLC.

$2,800,000
730774 MLS ⋅ ['Fee Simple'] Tenure
Public Remarks: 1.17 acres of industrial land located in the Kaloko Industrial subdivision. This lot has retaining wall along west boundary. Sale includes approved permitted warehouse with 14,616 sf building area.

73-5643 Kauhola St, KAILUA KONA

Listing courtesy of COMPASS.

$1,750,000
13 Beds ⋅ 4 Baths ⋅ 730408 MLS ⋅ ['Fee Simple'] Tenure
This is a fully rented retail building with two separate free-standing residences located in the center of Papaikou. The Retail location is fully rented long term, and in exceptional condition considering its age. In addition to the 4 retail spaces currently rented, there is approximately 1000 sq ft upstairs that can be used as office, additional retail space, or storage. Separate from the retail space are two residential properties. One a two story, 7-bedroom home with nice ocean views, and a second 3 bedroom, 1-1/2 bath home with an attached carport. This third home is listed as tmk 3-2-7-33-17. Though it is listed as a separate TMK the county has no record of a legal subdivision and additional research is required. A large staging area separates the retail for the residential that could give additional rental income as well. This property is perfect for a family complex with retail space or possible condominium development. Located right next the Papaikou post office make it centrally located for future development opportunities. This wont last long

27-302 Mill Rd, PAPAIKOU

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$8,875,000
20 Beds ⋅ 25 Baths ⋅ 730091 MLS ⋅ ['Fee Simple'] Tenure
Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime is available.

75-5749 Alahou St Unit 25, KAILUA KONA

Listing courtesy of Pacific Realty Organization LLC.

$2,250,000
730231 MLS ⋅ ['Fee Simple'] Tenure
Sold together with TMK (3) 1-6-146: 37 & 38. Property Highlights • Approximately 8,000 SF of industrial improvements situated on 44,928 SF of fee simple land • Zoned MG-20 (General Industrial) allowing a wide variety of industrial uses • Tenanted industrial warehouse investment • Flexible warehouse layout suitable for manufacturing, storage, distribution, or contractor uses • Two roll-up loading doors supporting efficient warehouse operations • Fully fenced and gated property providing secure yard and storage area • Secure outdoor yard space, highly desirable for equipment storage and service businesses • Located within an established industrial cluster in Kea’au • Convenient access to Hilo and surrounding East Hawaii communities • Rare small-bay industrial opportunity on Hawaii Island • High barriers to entry for new industrial development on the island • Growing demand for warehouse and service industrial space • Attractive opportunity for both investors and potential future owner-users

16-118 Liilii St, KEAAU

Listing courtesy of Chaney, Brooks & Company, LLC.

$850,000
5 Beds ⋅ 2 Baths ⋅ 730183 MLS ⋅ ['Fee Simple'] Tenure
Seldom presented opportunity to acquire 2 great homes in this area. Several possible uses: a multi-generational family to live next to each other; live in one and rent the other or rent both and generate good rental income. Both homes have been very well maintained and updated. Don't overlook this gem.

557 Kupulau Rd, HILO

Listing courtesy of Century 21 Homefinders of Hawaii.

$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.

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