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

$5,688,000
24 Beds ⋅ 24 Baths ⋅ 732045 MLS ⋅ ['Fee Simple'] Tenure ⋅ City View BLDG.
This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani St, HILO

Listing courtesy of Coldwell Banker Realty.

$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.

$750,000
4 Beds ⋅ 6 Baths ⋅ 731329 MLS ⋅ ['Fee Simple'] Tenure
Experience the best of Big Island living on this spacious beautifully landscaped property. The expansive yard, mature tropical surroundings, and charming rock walls create a welcoming island atmosphere. With generous indoor and outdoor living spaces there's plenty of room for entertaining, extended family, or simply enjoying the peaceful surroundings. Located in a desirable community with easy access to nearby schools and shopping. The property, a little over half an acre, combines comfort, functionality, and island charm. Building 1: Unpermitted porch enclosed and attached to main home is built in a workmanlike manner and consistent for the neighborhood. Main area, 1948 sqft, is uninhabitable and unmaintained. Not ready to go and repairs need to be done. Building 2 is a permitted structure. 800 sqft total, 1 bedroom and 2 bath. You could settle in building 2 as you rebuild the main living space. Must see to appreciate this property. Cash buyers only.

30 Kanoelani St Unit 2, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$2,700,000
5 Beds ⋅ 7 Baths ⋅ 731780 MLS ⋅ ['Fee Simple'] Tenure
The Hilo Beach House is a beachfront residence and multi-unit, short-term vacation rental (STVR) bordering Onekahakaha Beach Park, offering front-row Pacific Ocean views and safe, swimmable ocean access directly from the property; making it a truly exceptional find on the Big Island. While safe swimming spots are scarce on the east coast, Keaukaha is the premier exception, providing a protected white-sand cove just steps away. Furthermore, the property's location offers privacy while maintaining its convenient ocean access and oceanfront views. Unlike remote Hamakua, this property boasts unparalleled convenience and safety. It sits close to downtown Hilo and all of it's amenities; meaning no long commutes, no dark country roads, and no dangerous night driving to get home. The estate features over 6,300 SF of improvements, including 3 luxury air-conditioned units furnished with handcrafted pieces from Bali and screened-in balconies with serene views. The 1st unit offers flexibility with 2 bed/baths a full kitchen, kitchenette, two entries and a middle door with lock-off capability. The other two units are spacious studios with their own kitchenettes. The gorgeous top floor boasts a stunning 2-bedroom, 2-bathroom main residence with an open layout, plush master suite, and a private, beachfront balcony. The Ground Floor Lobby includes an event area currently hosting yoga and dance classes, complete with solar/rain shades and a half bath. Functional amenities include 2 laundry rooms, linen storage, an office, guest reception desk, and ample parking. The property is fully fenced with an automatic security gate, keypad entry, motion lighting, and mobile-linked video surveillance system. All STVR furnishings and linens are included. Zoned V-.75 (Resort-Hotel), plus the Hilo Beach House is thoughtfully built over 3 feet above the base high water level, greatly reducing the cost of flood insurance while providing safety and financial security!

23 Machida Lane, HILO

Listing courtesy of COMPASS.

$1,200,000
12 Beds ⋅ 8 Baths ⋅ 728314 MLS ⋅ ['Fee Simple'] Tenure
Unlock the potential of this income-producing investment property featuring four single-family homes on one parcel. With three of the four homes occupied by long-term tenants, this property offers immediate rental income while providing the opportunity to add value. Built in 1990, the homes are ready for updates and improvements, making this an ideal opportunity for investors seeking a value-add asset with income potential. The vacant fourth home presents additional flexibility for renovation, a new tenant, or owner occupancy. Whether you're looking to expand your rental portfolio, generate steady cash flow, or capitalize on a unique multi-home investment, properties like this are rarely available. An ideal opportunity for both seasoned and first-time investors. Showings are by appointment only. Please do not disturb the tenants.

36-2319-A Puualaea Homestead Rd, LAUPAHOEHOE

Listing courtesy of eXp Realty.

$1,300,000
7 Beds ⋅ 4 Baths ⋅ 731792 MLS ⋅ ['Fee Simple'] Tenure
Four unit home with ocean views that was remodeled in 2024. Nice long term tenants. Some units are partially furnished. Lower level Studio with full kitchen 2 bedroom with full kitchen Shared laundry Main level is a 3/2 with full kitchen, laundry, 2 stall garage, and pool table Upper level is attached to the main level with interior stairs and also has exterior stairs so can be part of main unit or its own unit. Currently an independent unit with one bedroom and kitchenette. All units have lanais and ocean views. Up Kaiwiki Road so cooler than downtown Hilo. All tenants are long term and enjoy their units. Property has always been easy to find good renters. Currently grossing almost $8000/month. Whole inside was recently painted and both lower units have new kitchens and countertops.

2107 Kaiwiki Rd, HILO

Listing courtesy of Bizwala.

$2,200,000
8 Beds ⋅ 4 Baths ⋅ 731472 MLS ⋅ ['Fee Simple'] Tenure
Rare SPA-A Opportunity in the Heart of Kapaʻa Town! Conveniently located and walkable to everything downtown Kapaʻa has to offer — this is a rare find! Zoned SPA-A, this versatile property allows for many uses including commercial business, rental income, or owner-occupied residence. Buyers and agents are encouraged to verify permitted uses with the County Ideally situated in central Kāpaʻa, you’re just steps from the beach, parks, the beloved beachside library, the scenic recreational pathway, public transit, restaurants, shops, and the popular farmers market featuring fresh produce, exotic fruits, and flowers. The property features two duplexes with two units each, for a total of four income-producing units. Each duplex has its own water meter, and each unit has its own electric meter, plus an additional meter for exterior lighting and security — 2 water meters and 5 electric meters total. All units are connected to sewer. Each Unit has full kitchen with refrigerator, stove, ceramic tile flooring, granite kitchen counters throughout. A truly unique investment opportunity in one of Kauaʻi’s most vibrant communities!

4639 Lehua St, KAPAA

Listing courtesy of RE/MAX Kauai - Princeville Office.

$3,500,000
5 Beds ⋅ 3 Baths ⋅ 731735 MLS ⋅ ['Fee Simple'] Tenure
Unmatched flexibility meets prime location. Situated in the heart of Hanalei, directly across from Hanalei Elementary School, this unique two-home property places you at the center of one of Kauai's most sought-after beach communities. Main Residence (Cottage 1): A 3-bedroom, 2-bathroom home (1,096+ sq. ft.) featuring single-level living, an open floor plan, vaulted ceilings, and beautiful mountain views. Secondary Residence (Cottage 2): A stylish 2-bedroom, 1-bathroom cottage (612+ sq. ft.), recently refreshed and framed by the same breathtaking mountain backdrop. Whether you envision a multi-generational family compound, a primary residence with built-in long-term rental income, the flexibility of a private guest house for family and friends, or simply continue operating both homes as long-term rentals as they are today, the possibilities here are yours to create. More than a property, it's a chance to leave the car behind and enjoy Hanalei's walkable lifestyle. The new walking and bike path connects you to Hanalei Town, making it easy to stroll or ride to the beach, coffee, dinner, the weekly farmers market, local shops, and everything that makes this special community so unique.

5-5412 Kuhio Hwy, HANALEI

Listing courtesy of Hawaii Life.

$650,000
5 Beds ⋅ 3 Baths ⋅ 731655 MLS ⋅ ['Fee Simple'] Tenure
5-Bedroom, 3-Bath Property on 1 Acre in Hawaiian Paradise Park with the disclosure. PRICE: $650,000 Great opportunity to own a 5-bedroom, 3-bathroom property with 3 separate living units on a fully fenced and gated 1-acre lot in the desirable Hawaiian Paradise Park (HPP) This property is ideal as an investment opportunity, multi-generational home, or a spacious home with room for extended family. The 3 separate units offer flexibility for rental income or private living spaces. Located in a quiet neighborhood just 17 miles from Hilo, you'll enjoy the convenience of nearby shopping, dining, schools, and services while being just minutes from the ocean. A bus stop is located directly across the street, making transportation even more convenient. The property offers plenty of parking, a spacious yard with room to enjoy the outdoors. Whether you're looking for a home with income potential or extra space for family, this HPP property is one you won't want to miss! Property is not fully permitted. 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.

15-1974 8th Ave, KEAAU

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$780,000
1 Beds ⋅ 3 Baths ⋅ 731093 MLS ⋅ ['Fee Simple'] Tenure
Excellent opportunity to own a charming commercial property encompassing a retail storefront with a small cafe, a separate office and a residential apartment, on a 10,479 sq. ft. parcel. Located a short way from Honoka’a town and about 1/2 mile from the revered Waipi’o Valley overlook, the building dates to 1925 when it was built as a general store and residence. Largely constructed of koa and redwood, it’s a shining example of a well-preserved Hawaiian plantation-style building. Currently the building houses Waipi’o Valley Artworks, a long-standing successful art gallery that features local artists who work in a wide variety of media, and an attached café that offers grab-and-go snacks and drinks. The adjacent office is leased to a esthetician's clinic, and the 1-BR/1-BA 552 sq. ft. furnished apartment is currently leased to a full-time tenant. (It was previously used as a popular vacation rental.) During its storied past, this building has also been used as a general store and as as woodworking studio w/residence. Looking forward, the commercial zoning allows for a wide range of uses. The building has been well maintained. Most recent updates include: • Septic system converted from a cesspool (2011) • New air conditioning units installed in the Gallery (2024) • Extensive electrical upgrades incl. 2 new Energy Plus electric meters (2025) plus new wiring, ceiling fans, lighting fixtures and outlets in the Gallery • New flooring (2025), additional refrigerator/freezer units (2024) and custom cabinets (2024) in the Cafe • Bathroom 1 updated to ADA requirements (2024) w/new pedestal sink and toilet. New vanity in Bath 2. New sinks, mirrors, touchless faucets and paint in both. • New sofa, refrig., washer/dryer (2023) and new bed frame/mattress (2025) at the apartment. • New storage shed (2024) **The Waipi’o Valley Artworks business is for sale separately. This offering is for the real estate (building and land) ONLY.**

48-5416 Kukuihaele Rd, HONOKAA

Listing courtesy of Kohala Coast Properties.

$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 ⋅ ['Leasehold'] Tenure
This is a leasehold property. 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..

$1,800,000
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.

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