Leasehold Retail Property For
For Sale
$1,215,000
750 Kanoelehua Avenue, Hilo, HI 96720
Leasehold retail property on Kanoelehua Ave, minutes from Hilo Airport.
Property Size5,992 SF
Lot Size0.48 Acres
Price / SF$202.77
Days on Market556
Property Features for 750 Kanoelehua Avenue
General Information
Standard status
Active
Size
5,992 SF
Lot size
0.48 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,020
Amenities
Concrete Flooring
On Site
Building Details
Year Built
2017
Listing Agency:
LAU & ASSOCIATES, LLC
(808) 223-0074
Listed By:
STEVEN H LAU · License #RB-20307
Source:
Corcoran
Added: Feb 25, 2025
Changed: Sep 4
Last Checked: Sep 4 at 7:40AM
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 commercial property for sale located on Kanoelehua Avenue, minutes from Hilo International Airport. Known as Lehua Center, the property includes four retail spaces, totaling 5,992 square feet of leasable area. Each space features a private restroom and individual electricity metering. The property provides 25 parking stalls. The land area is 21,050 square feet and is zoned MCX-20. The original 60-year ground lease has approximately 44 years remaining, with known ground rents until August 31, 2029. The entire property is leased to a single tenant until September 30, 2027, who then subleases the individual spaces. The lessor is responsible for building exterior repairs and common area maintenance, while the lessee maintains the interior spaces. Priced below the 2023 appraisal, this property presents a commercial opportunity.
Key Highlights
- Priced below 2023 appraisal.
- Located on busy Kanoelehua Ave., near Hilo International Airport.
- Fully leased to a single tenant until September 30, 2027.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Leasehold retail property on Kanoelehua Ave, minutes from Hilo Airport.
Where is this shopping center located?
The property is located at 750 Kanoelehua Avenue 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.; Located on busy Kanoelehua Ave., near Hilo International Airport.; Fully leased to a single tenant until September 30, 2027.
