750 Kanoelehua Ave Hilo, HI 96720

Listing agency Lau & Associates LLC s***@lauassociatesllc.com Show Phone

Listed by Steven H Lau Show Phone

Source Exprealty

Added: Feb 25, 2025 Updated: Jul 6 at 9:54AM Checked: Jul 20 at 6:07AM

Report an Issue

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 Location Intelligence

Similar For Sale Nearby

• 

  $1,650,000

  4,816 SF

  Commercial Buildings with Parking

  Two commercial buildings with parking in central Hilo location.

  224 HAILI ST, Hilo, HI 96720

  View Details
• 

  $570,000

  2,060 SF

  Duplex-Style Income Property

  Versatile Hilo duplex-style home with 6 bedrooms, 2 bathrooms, and separate private exterior entrances for each level.

  2133 KINOOLE ST, Hilo, HI 96720

  View Details
• 

  $750,000

  2,592 SF

  Two-Unit Residential Income Property

  One permitted 1-bedroom, 2-bath structure plus a separate main area requiring repairs and extensive renovation.

  30 KANOELANI ST, Hilo, HI 96720

  View Details
• 

  $610,000

  1,664 SF

  Duplex with Two 2BR Units

  Two spacious 2-bedroom, 1-bath units with in-unit laundry and updated electrical and plumbing for rental income.

  346 LEHUA ST, Hilo, HI 96720

  View Details
• 

  $850,000

  1,656 SF

  Two-Home Residential Income Duplex

  Two well-maintained, updated homes on a single lot in Hilo offer flexible owner-occupant or rental use.

  557 KUPULAU RD, Hilo, HI 96720

  View Details
• 

  $675,000

  2,904 SF

  Two-Home Residential Income Property

  Two separate residences on one lot under RS-10 zoning, including a 1932 home refreshed in 2020 and a 1985 home.

  619 MILILANI ST, Hilo, HI 96720

  View Details
• 

  $1,775,000

  17,993 SF

  Commercial Warehouse with Mezzanine

  Warehouse with office areas, a large mezzanine for storage and receiving, and side-drive truck access in CDH zoning.

  138 KAMEHAMEHA AVE, Hilo, HI 96720

  View Details
• 

  $3,238,000

  11,996 SF

  Two-Story Commercial Building in Hilo

  Well-maintained commercial building with long-term NNN lease and strong income.

  891 ULULANI ST, Hilo, HI 96720

  View Details
• 

  $2,280,000

  4,557 SF

  Medical Building with Ample Parking

  Medical building featuring an elevator, multiple offices, and parking.

  126 PUUHONU WAY, Hilo, HI 96720

  View Details
• 

  $250,000

  8,548 SF

  Restaurant Leasehold with Full Kitchen

  Leasehold restaurant space with full kitchen setup, equipment, and furnishings, overlooking Kalakaua Park in downtown Hilo.

  110 KALAKAUA ST, Hilo, HI 96720

  View Details
• 

  $1,975,000

  9,455 SF

  Income-Producing Mixed-Use Property

  Mixed-use property with lease in place until 2029.

  1080 KILAUEA AVE, Hilo, HI 96720

  View Details
• 

  $1,775,000

  17,993 SF

  Downtown Hilo Commercial Property

  Prime commercial property in downtown Hilo with versatile potential.

  138 KAMEHAMEHA AVE, Hilo, HI 96720

  View Details

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.