92 KALANIANAOLE ST, Hilo, HI 96720
WAIAKEA · Hawaii County
Key Facts
Description
An exceptional opportunity to acquire fee simple commercial real estate in one of Hilo’s most accessible corridors. Located just off of Kanoelehua Ave between Kamehameha Ave and Kalanianaole, this 1.79-acre property offers an excellent opportunity. High visibility with easy ingress/egress that is well-positioned for future commercial development or redevelopment. Strategically located near the Banyan Drive resort area, Hilo International Airport, Hilo Harbor and Hawaii Island's state and county offices. This property is ideal for investors, owner-users, or developers seeking a flexible commercial asset with strong infrastructure and an irreplaceable location. Property Highlights: Land Area: 1.79 acres (Fee Simple) Zoning: V-.75 (Urban, Resort, Commercial Use) State Land Use: Urban Building Size: Approx. 4,540 SF Utilities: Water: County Department of Water Supply via existing 12-inch main; 3 active water services already on site. Wastewater: Served by County sewer system via 30-inch main along Kalanianaole Street; two stub outs, one currently in use. Site Improvements: Existing commercial structure. Paved parking lot and additional graded parking areas. Cleared and fully graded site with minor landscaping along perimeter. Prime Commercial Property – 92 Kalanianaole Street, Hilo, HI 96720
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Year Built
1962
Ownership
Full
Zoning
V-.75
MLS® Listing#
721902
Property Features
Utilities
Financial Details
HOA
Yes
Annual Taxes
$21,601
Tax year 2025
Assessed Value
$2,018,800
Parcel Number
3210060020000
Affordability Calculator
$700,000
Estimated monthly payment
$18,628/mo
Principal $2,800,000 · Est. interest $3,906,249 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hilo, HI
- $602,632
- Median Listing Price
- 88
- Median Days on Market
- 1,333
- Median Sq Ft
- $419
- Median Price / Sq Ft
- 133
- Active Listings
- This home’s price is 481% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hilo, HI.
Location
Points of Interest in Hilo, HI
Showing the Hilo area map.
Nearby Schools
Kamehameha Schools
School · 1.0 mi away
Ka Umeke Kaeo
School · 1.1 mi away
Keaukaha Elementary School
Elementary · 1.2 mi away
Ke Ana Laahana
Secondary · 1.2 mi away
Chiefess Kapiolani Elementary School
Elementary · 1.3 mi away
St Joseph School
Secondary · 1.6 mi away
Connections Public Charter School
School · 1.6 mi away
Haili Christian School
Secondary · 1.7 mi away
Mauna Loa School
School · 1.8 mi away
Ka Umeke Kaeo PCS School
School · 1.8 mi away
E'Makaala School
School · 1.8 mi away
Hilo Union School
Elementary · 1.9 mi away
Kamehameha Preschool Waianuenue
School · 1.9 mi away
Waiakea High School
Secondary · 1.9 mi away
Waiakea Elementary School
Elementary · 2.1 mi away
Waiakea Intermediate School
Secondary · 2.2 mi away
Hilo Intermediate School
Secondary · 2.2 mi away
Hilo High School
Secondary · 2.2 mi away
Aha Punana Leo
School · 2.4 mi away
Haaheo Elementary School
Elementary · 2.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 MACHIDA LANE, Hilo, HI | $2,700,000 | 5 | 7 | 3,618 |
| 23 MACHIDA LANE, Hilo, HI | $2,700,000 | 5 | 7 | 3,618 |
| 3331 KAUMANA DRIVE, Hilo, HI | $2,750,000 | 4 | 4 | 2,484 |
| 891 ULULANI ST, Hilo, HI | $3,238,000 | — | — | 11,996 |
Moving Cost Estimate
EXIT Agents in Hilo
Listing Courtesy: Aloha Sotheby's Intl Realty - Hawai'i - 8086520500
Presented by: James Francis Hanley