Commercial Real Estate in Hawaii available for sale
1031 Exchange Properties For Sale

1031 Exchange Properties for Sale in Hawaii, USA

More details for 210 Keawe St, Hilo, HI - Land for Sale

210 Keawe St

Hilo, HI 96720

  • 1031 Exchange Property
  • Land for Sale
  • $3,025,880 CAD
  • 0.44 AC Lot

Hilo Land for Sale - Downtown Hilo

A rare vacant site, currently leased month-to-month to a parking company, is ideal for a new mixed-use development featuring affordable or workforce housing in the County of Hawaii, as well as street-level retail businesses. The relatively flat 19,366-square-foot parcel is located at the corner of Keawe Street and Haili Street. The CDH zoning district permits uses such as mixed-use commercial/retail, offices, and senior living facilities, including assisted living, with no parking requirement, as well as residential development with one parking space allocated for each unit. The building height limit is 120 feet. This downtown corner site is located outside the boundary of the Tsunami zone (SMA) and offers a convenient location, close to public transportation, with all underground public utilities connections available. There is no FAR or density requirement for commercial developments. For market-rate residential developments, one unit is permitted per 500 square feet of land area. A 10% bonus is awarded for affordable housing projects, such as 39 market-rate residential units and 43 affordable or workforce units. According to the Office of Housing and Community Development (OHCD), this property is a viable candidate for Section 201H approval for a mixed-use development with substantially more affordable or workforce units that qualify for funding by Hawaii Housing and Financing Corporation (HHFDC). According to the Office of the Governor's website, Hawaii has the most expensive housing prices in the United States because it has failed to build enough homes for its residents. The current housing shortage has led to a crisis of increasing homelessness and migration to the mainland, which threatens the ‘ohanas and way of life across Hawaii. The Proclamation Relating to Housing was first signed by Governor Green on July 17, 2023. On September 15, 2023, Governor Green signed the Emergency Proclamation Relating to Affordable Housing, which prioritized numerous state and affordable housing projects with the goal of simplifying and speeding up the Section 201H application approval process through the State versus the County Council. The “ENVISION DOWNTOWN HILO 2025”, a community-based vision and living action plan for Downtown Hilo, identifies Keawe Street as downtown Hilo’s main and primary thoroughfare. A MAI appraisal dated April 29, 2025, is available upon request. Architectural schematic study drawings for the mixed-use, 43-unit affordable/workforce development, as well as the Section 201H approval-required development, are available upon request. Please call and leave a voicemail for the listing agent for more information.

Contact:

Vincent T.C. Tai

Property Subtype:

Commercial

Date on Market:

2025-07-21

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More details for 1649 Democrat St, Honolulu, HI - Multifamily for Sale

1649 Democrat St

Honolulu, HI 96817

  • 1031 Exchange Property
  • Multifamily for Sale
  • $2,063,100 CAD
  • 3,824 SF
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More details for 41-1537 Kalanianaloe Hwy, Waimanalo, HI - Retail for Sale

41-1537 Kalanianaloe Hwy

Waimanalo, HI 96795

  • 1031 Exchange Property
  • Retail for Sale
  • $14,441,699 CAD
  • 37,711 SF
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More details for 3036 Waialae Ave, Honolulu, HI - Retail for Sale

3036 Waialae Ave

Honolulu, HI 96816

  • 1031 Exchange Property
  • Retail for Sale
  • $12,034,750 CAD
  • 4,949 SF
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More details for 378 N Market St, Wailuku, HI - Retail for Sale

378 N Market St

Wailuku, HI 96793

  • 1031 Exchange Property
  • Retail for Sale
  • $2,406,950 CAD
  • 2,618 SF
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More details for 401 Hookahi St, Wailuku, HI - Industrial for Sale

Maui Three Complex - 401 Hookahi St

Wailuku, HI 96793

  • 1031 Exchange Property
  • Industrial for Sale
  • $1,547,325 CAD
  • 2,304 SF
  • 1 Unit Available
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More details for 3135 Lower Kula Rd, Kula, HI - Retail for Sale

Kula Town Center - 3135 Lower Kula Rd

Kula, HI 96790

  • 1031 Exchange Property
  • Retail for Sale
  • $6,875,624 CAD
  • 7,800 SF
  • Air Conditioning
  • Security System
  • 24 Hour Access
  • Pool
  • Wheelchair Accessible
  • Smoke Detector

Kula Retail for Sale - Upcountry Maui

This rare mixed-use gem offers a truly exceptional investment opportunity in one of Maui’s most desirable Upcountry locations. The property boasts 5,000 square feet of commercial space and 1,800 square feet of residential area, fully leased for immediate cash flow. Positioned at 2,500 feet elevation, it enjoys one of the most sought-after climates globally mild, clean air coupled with unobstructed 360-degree views of the Pacific Ocean, West Maui Mountains, and Haleakala Crater. Just 20 minutes from Kahului Airport with direct access to major domestic and international destinations, this site benefits from an affluent surrounding neighborhood with multimillion-dollar homes and high-end subdivisions under development. The property is strategically located near essential services, including a gas station, hardware store, bakery, restaurants, and farmer’s markets, serving an expanding population. Recent $150,000 upgrades ensure turnkey operation, while future potential shines with a Maui County master plan change to B-CT zoning, enabling upscale mixed-use development—think boutique condos, hotel, medical or corporate center. The parcel accommodates full utilities, dual water meters, fire hydrants, and infrastructure suitable for renewable energy and EV charging stations, aligning with government incentives. With subdivision and CPR opportunities, projected income can reach $500K–$600K annually as-is, with further development pushing returns dramatically higher. Offered at $4.99M, this property represents an unprecedented chance to acquire a landmark Maui asset that combines stability, strong current income, and extraordinary growth potential.

Contact:

Paul Eisenberg

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-01-14

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More details for 1283 S King St, Honolulu, HI - Retail for Sale

Restaurant/Retail/Residential Uses - 1283 S King St

Honolulu, HI 96814

  • 1031 Exchange Property
  • Retail for Sale
  • $9,352,720 CAD
  • 7,610 SF
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More details for 808 Kawaiahao St, Honolulu, HI - Industrial for Sale

808 Kawaiahao St

Honolulu, HI 96813

  • 1031 Exchange Property
  • Industrial for Sale
  • $4,057,430 CAD
  • 1,830 SF
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More details for 14-3307 Dolphin Ln, Pahoa, HI - Specialty for Sale

14-3307 Dolphin Ln

Pahoa, HI 96778

  • 1031 Exchange Property
  • Specialty for Sale
  • $657,441 CAD
  • 1,100 SF
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