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750 Kanoelehua Ave, Unit 4 Hilo, HI 96720

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For Sale
$1,350,000

Leasehold retail center with four spaces near Hilo Airport.

Property size:
5,992 SF

Property Features for 750 Kanoelehua Ave

General Information

Standard status
Active
Size
5,992 SF

Building Details

Year built
2017

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Listing Contact
Steven H Lau
Source: Corcoran

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 Center on Kanoelehua

This is a leasehold property featuring a commercial property for sale on Kanoelehua Avenue, situated 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 is equipped with a private restroom and individual electricity metering. The property provides 25 parking stalls. The land area spans 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. Offer subject to inspection.
Location Intelligence

Current Use by Public Records

Irie Hawaii Smoke ... (Bike/Boat/Book/etc) Store Restorative Massage Clinic ... Alternative Medicine Practice Big Island Grown ... (Bike/Boat/Book/etc) Store Lana Lana Float ... Alternative Medicine Practice 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 center with four spaces near Hilo Airport.
Where is this shopping center located?
The property is located at 750 Kanoelehua Ave, Unit 4 Hilo, HI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: - Priced below 2023 appraisal.; - Located on busy Kanoelehua Ave., minutes from Hilo International Airport.; - Entire property leased to a single tenant until September 30, 2027.
More about this property
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