Honokaa, Hawaii Commercial Real Estate 1 Listing

Honokaa, Hawaii: A Premier Destination for Commercial Real Estate

Introduction

Honokaa, Hawaii, is emerging as a compelling market for commercial real estate (CRE) investors and professionals. Nestled on the Big Island, this quaint town offers unique opportunities tied to its agricultural roots, tourism potential, and strategic location. While not as large as urban centers, Honokaa's growing economy and community initiatives make it a noteworthy contender in Hawaii's CRE landscape.

Economic and Industry Overview

Honokaa's economy is historically anchored in agriculture, with sugarcane and cattle ranching playing significant roles. However, in recent years, tourism and eco-tourism have begun to influence the region's economic landscape, driving demand for retail and hospitality properties. The area's commitment to sustainable practices has also sparked interest in green and eco-friendly developments. The Hawaii County Department of Research and Development actively supports initiatives to diversify and strengthen the local economy, offering resources and incentives for businesses.

Strategic Location and Transportation Infrastructure

Despite its small size, Honokaa is strategically positioned with access to major transportation routes. The Hawaii Belt Road (Route 19) runs through the town, connecting it to the island's major urban centers and facilitating the movement of goods and services. While there are no major ports or airports directly in Honokaa, the Hilo International Airport and the Port of Hilo are accessible, providing logistical advantages for distribution and commerce. For more details, visit the Hawaii Department of Transportation.

Commercial Real Estate Inventory & Zoning

Honokaa's commercial real estate market features a mix of retail, office, and agricultural properties. The town's CBD (Central Business District) is home to a variety of small businesses, eateries, and shops, reflecting its community-oriented atmosphere. Recent zoning changes have encouraged the development of mixed-use properties, promoting efficient land use and community integration. For detailed zoning information, refer to the Hawaii County Zoning Maps.

Major Employers and Institutions

The region's top employers include the Hamakua Health Center and the Honokaa High and Intermediate School. These institutions not only provide essential services but also contribute to the demand for commercial spaces, including office and retail. For a detailed business directory, explore the Hawaii Island Chamber of Commerce.

Notable Commercial Developments & Projects

Honokaa is witnessing exciting developments, including eco-friendly resorts and mixed-use projects that combine residential and commercial spaces. The presence of Opportunity Zones in the area offers tax incentives for investors and developers, spurring interest and activity in the CRE sector. More information about ongoing projects can be found on the Hawaii County Planning Department.

Building Permits, Planning, and Development Tools

For those interested in pursuing development in Honokaa, the following resources are essential:

Market Data & Economic Reports

Honokaa's economic landscape can be better understood through public data sets available at census.gov and the Hawaii State Data Center. Brevitas leverages AI-powered aggregation from these and other public data sources to provide in-depth market insights. Explore our Brevitas-powered dashboards for comprehensive data on Honokaa, Hawaii.

Why Use Brevitas for Honokaa, Hawaii CRE?

Brevitas is your go-to platform for discovering commercial real estate opportunities in Honokaa, Hawaii. Our AI-driven tools provide real-time market alerts, smart property pages, and seamless dealroom collaboration. Unique features include: