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750 Kanoelehua Ave Hilo, HI 96720

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For Sale
$1,215,000

Leasehold retail property with single tenant, prime location.

Property Features for 750 Kanoelehua Ave

General Information

Standard status
Active

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Listing Contact
Steven H Lau
Source: Exprealty

Listing Agency: Lau & Associates, LLC Listing Agent: Steven H Lau

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Leasehold Retail Property on Kanoelehua

This is a leasehold property located on Kanoelehua Avenue, minutes from Hilo International Airport. Known as Lehua Center, the property features four retail spaces, totaling 5,992 square feet of leasable area. Each space includes a private restroom and individual electricity meter. The property provides 25 parking stalls. The land area measures 21,050 square feet and is zoned MCX-20. The original 60-year ground lease has approximately 44 years remaining, with ground rents known until August 31, 2029. The fee is not available, but there is a first right of refusal. The entire property is leased to a single tenant until September 30, 2027, who subleases the individual spaces. The lessor is responsible for building exterior repairs and common area maintenance, while the lessee maintains the interior spaces. The property is priced below its 2023 appraisal. The property is located at 750 Kanoelehua Ave, HILO, HI, 96720-7524.
Location Intelligence

Current Use by Public Records

Irie Hawaii Smoke ... Tobacco Shop Restorative Massage Clinic ... Massage Spa Big Island Grown ... Cannabis Store Lana Lana Float ... Health Spa Vibe Cafe Restaurant

Map

City
Hilo
County
Hawaii
State
Hawaii
Longitude
-155.0647
Latitude
19.708132

FAQs

What type of property is this?
Shopping center - Leasehold retail property with single tenant, prime location.
Where is this shopping center located?
The property is located at 750 Kanoelehua Ave Hilo, HI.
What is the asking price?
The asking price for this property is $1,215,000.
What are key features of this property?
This property features: - Priced below 2023 appraisal.; - Entire property leased to a single tenant until September 30, 2027, providing immediate income.; - Prime commercial location on busy Kanoelehua Ave., near Hilo International Airport.
More about this property
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