Leasehold Retail Property on
For Sale
$1,215,000
750 Kanoelehua Ave, Hilo, HI 96720
Leasehold retail property with single tenant, prime location.
Property Size5,992 SF
Lot Size0.48 Acres
Price / SF$202.77
Days on Market542
Property Features for 750 Kanoelehua Ave
General Information
Standard status
Active
Size
5,992 SF
Lot size
0.48 Acres
Taxes and HOA fees
Annual Taxes
$16,020
Listing Agency:
Lau & Associates, LLC
(808) 223-0074
Listed By:
Steven H Lau · License #RB-20307
(808) 223-0074
Source:
Exprealty
Added: Feb 25, 2025
Changed: Aug 20
Last Checked: Aug 20 at 12:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lau & Associates, LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96720, HI
46,615
Population
19,826
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
287.8 sq mi
ZIP Area
162
Density / Sq Mi
$78,537
Median Household Income
$41,268
Median Earnings
$1,346
Median Rent
$458,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
