Waiakea Village

399 Hualani Street, Hilo, HI 96720

  • For Sale $3,500,000
  • Property Type Retail
  • Property Size 54,718 SF
  • Date Updated Mar 24, 2025

Waiakea Village Commercial Condos is made up of 32, 1 and 2-story, commercial condominium units located at 400 Hualani Street in Hilo, Hawaii. Originally developed in the 1970s as a resort, the property has since evolved into a diverse community hub featuring a distinct Hawaiian architectural style with charming hut-style cottages. The waterfront complex is bordered by the Waiakea Fish Pond and Wailoa State Park, offering stunning water views and lush surroundings.  

The property boasts a serene atmosphere with koi-filled lagoons, waterfalls, and tropical landscaping that enhance its appeal. Ground floor, second floor, and multi-level units provide flexible spaces for businesses, while ample on-site parking ensures convenience for tenants and visitors alike.  

Waiakea Village is strategically positioned in central Hilo, offering easy access to key destinations such as the University of Hawaii at Hilo, Hilo International Airport, and the famous Merrie Monarch Festival. The property is within walking distance to local shops, restaurants, grocery stores, banks, and the vibrant Hilo Farmers Market. Additionally, its proximity to Wailoa River State Recreation Area provides direct access to jogging paths, fishing spots, and picnic pavilions. With a prime location, tranquil setting, and strong visitor appeal, Waiakea Village presents an outstanding opportunity for investors and business owners seeking a versatile commercial space in the heart of Hilo.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Tremendous Upside Potential
  • Repositioning Opportunities
  • Upgrade and Develop New Structures
  • Unique Hawaiian Location
  • Fee Simple Opportunity
  • Owner-User Opportunity
  • Irreplaceable Waterfront Location
  • Centrally Located in Hilo Town, Near Hilo Airport

Contacts

broker
ANTHONY PROVENZANO (B) SIOR, CCIM

broker
KELLY A. VEA (S) CCIM

broker
TREVOR BLAKE (S)

Location

Getting Around

  • Walk Score ®

    50/100 Car-Dependent
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Hilo, HI
  • Zip Code 96720

Points of Interest

  • Shell

    0.25 miles

  • Texaco

    0.62 miles

  • Aloha Petroleum

    0.62 miles

  • Ohana Fuels

    0.69 miles

  • Hele

    0.82 miles

  • HFN

    0.84 miles

  • 76

    0.92 miles

  • Staff and Visitor Parking

    0.95 miles

  • Student Parking

    1.10 miles

  • Trailer Parking

    1.35 miles

  • Commuter Parking

    1.99 miles

  • Cell Phone Lot

    2.01 miles

  • Employee Parking

    2.06 miles

  • Rental Car Return

    2.24 miles

  • Cafe 100

    0.20 miles

  • Little Caesars

    0.22 miles

  • Kamana Kitchen

    0.26 miles

  • 365 Degree Cafe

    0.26 miles

  • Restaurant Miwa

    0.26 miles

  • Hawaiian Style Cafe

    0.27 miles

  • Happy Valley Seafood Restaurant

    0.29 miles

  • Tetsumen Ramen

    0.30 miles

  • Miyo’s

    0.34 miles

  • Takenoko Sushi

    0.35 miles

  • Hilo Shopping Center

    0.24 miles

  • Island Naturals Market and Deli

    0.25 miles

  • Kilauea Market

    0.27 miles

  • Manono Marketplace

    0.30 miles

  • Waiakea Kai Plaza

    0.81 miles

  • KTA Super Stores

    1.01 miles

  • Ross

    1.08 miles

  • Sack 'n Save

    1.12 miles

  • Waiakea Center

    1.18 miles

  • Walmart

    1.23 miles

Frequently Asked Questions

How much does Waiakea Village cost?

The space currently listed for sale at Waiakea Village asks for $3,500,000.

What is the total square footage of Waiakea Village?

Waiakea Village totals 54,718 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Waiakea Village
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.