$550,000
$250K PRICE DROP

55 Omao St Hilo, HI 96720

Estimated payment $3,633/month

Total Views 57,462
4 Beds
3 Baths
17,606 Sq Ft
$31 Price per Sq Ft

Highlights

  • Tankless Water Heater
  • 1-Story Property
  • 1-minute walk to Pe'e Pe'e Falls
  • Level Lot

About This Home

This unique property, formerly known as Club Shoyu Brewery, offers incredible potential for the right buyer. Located in a prime area of Hilo, the property consists of multiple structures, each with its own character and possibilities. While it is in need of TLC, the vast space and diverse buildings provide an excellent opportunity for redevelopment, renovation, or creative repurposing. Whether you're looking to restore the property to its former glory or explore residential options, the possibilities are endless.

Don’t miss out on this rare opportunity to own a piece of Hilo's history and turn it into something extraordinary!

(3 pre-existing lots of record.)

Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.

Listing Agent

Hank Correa

Better Homes and Gardens Real Estate Hank Correa Realty Brokerage Phone: 8089602626 License #RB-16506 Listed on: 01/20/2025

Co-Listing Agent

Jonathan Correa

Better Homes and Gardens Real Estate Hank Correa Realty Brokerage Phone: 8089602626 License #RS-80306

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • Property fronts a county road
  • Level Lot
  • Property is zoned RS-7.5

Parking

  • Covered Parking

Interior Spaces

  • 17,606 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Cooling
  • No Heating
  • Tankless Water Heater
  • Cesspool

Community Details

  • Puuhonu Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3230340560000

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Co List Office Mls Id: 2002
  • Co List Office Phone: 8089613300
  • Ownership: Full
  • MLS Status: A
  • Subdivision Name: PUUHONU TRACT
  • Unit Levels: One, Two
  • Living Area: 17606.0
  • Property Attached Yn: No
  • Year Built: 1938
  • Tax Year: 2024
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_WaterHeater: Tankless
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 3
  • Stories: 1

Exterior Features

  • Topography: Fairly Level
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Covered, None

Utilities

  • Cooling: None
  • Heating: None
  • Sewer: Cesspool
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-7.5
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3230340560000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 8904.54

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,905 $834,800 $561,300 $273,500
2024 $8,905 $832,200 $561,300 $270,900
2023 $8,880 $829,900 $561,300 $268,600
2022 $7,450 $696,300 $427,700 $268,600
2021 $5,579 $521,400 $388,800 $132,600
2020 $5,732 $535,700 $388,800 $146,900
2019 $5,505 $514,500 $368,600 $145,900
2018 $5,306 $495,900 $351,000 $144,900
2017 $5,264 $492,000 $351,000 $141,000
2016 $4,859 $483,500 $351,000 $132,500
2015 -- $476,400 $351,000 $125,400
2014 -- $408,600 $283,500 $125,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Price Changed $550,000 -8.3% $31 / Sq Ft
08/11/2025 08/11/25 Price Changed $600,000 -25.0% $34 / Sq Ft
01/20/2025 01/20/25 For Sale $800,000 -- $45 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 717171

Hawaii Information Service (MLS Hawaii)

APN: 3-2-3-034-056-0000