Listed by Ranch and Resort Realty, LLC
$1,775,000
144 Kamemeha Ave
Details
Property Type Self Storage, Special Purpose
Sub Type Shopping Center, Convenience Store
Square Footage 18,579
Lot Size (SqFt) 13,649
Investment Type Stabilized
Ground Lease No
Rare operational footprint in historic Hilo
Marketing description
Verified Logistics Access: A Critical Strategic Advantage
144 Kamehameha Avenue represents a rare operational footprint in historic Hilo. Unlike neighboring properties that rely on on-street loading (which is highly restricted on Kamehameha Ave), this asset features a surveyed, dedicated freight lane providing permanent, legal off-street truck access to the rear warehouse loading zones.
- Dedicated Easement: The property benefits from permanent, legally deeded easements (dating to 1953 and 1984) providing a clear right-of-way for delivery vehicles. This lane ensures that freight operations do not disrupt Bayfront tourist traffic, allowing for efficient, high-volume logistics.
- Survey Verified Boundaries: A comprehensive boundary survey (available in the Due Diligence Vault) has recently verified the property limits, ensuring the integrity of this critical operational lane.
- Logistics Hub Suitability: The combination of off-street loading and the Triple-Tier Storage Capacity (Basement + Main + Mezzanine) makes this footprint uniquely suited for converting into a "Last Mile" Logistics Hub for East Hawaii.
Investment highlights
1. Valuation Stability & Growth
- The property’s value is supported by a documented history of three professional appraisals conducted in December 2022, June 2023, and December 2024.
- With the corrected county data showing 19,524 sq. ft., the price-per-square-foot becomes even more competitive for an investor looking for scale in the land-constrained Hilo market.
2. Triple-Tier Logistics Capability
- Flagship Retail (Street Level): High-traffic exposure on Kamehameha Ave.
- Secure Fulfillment Mezzanine: 4,200 sq. ft. of space ideal for e-commerce or staging deliveries.
- Industrial Storage Basement: Full-footprint basement for heavy inventory and long-term storage.
3. Site Infrastructure & Verified Access
- The OM features the 1953 and 1984 easement maps, providing legal, surveyed off-street truck access via a dedicated freight lane.
- Recent boundary surveys and the Phase I & II Environmental Site Assessments (2025) provide the technical due diligence required for institutional-grade financing.
- The property’s CDH (Downtown Hilo Commercial) zoning supports a wide range of logistics and retail hybrid uses.
Listing Contacts
Listed by Ranch and Resort Realty, LLC
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Zoning
CDH CommercialSpecial CommercialDowntown Hilo Commercial District
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View all 50 uses Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics
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