Leasehold Retail Center on
750 KANOELEHUA AVE #4 Hilo, HI 96720
750 KANOELEHUA AVE #4, Hilo, HI, 96720
$1,215,000
For Sale
$1,215,000
Leasehold retail center with four spaces near Hilo Airport.
Property Size5,992 SF
Lot Size0.48 Acres
Price / SF$202.77
Days on Market488
Property Features for 750 KANOELEHUA AVE #4
General Information
- Standard status
- Active
- Size
- 5,992 SF
- Lot size
- 0.48 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing Agency
LAU & ASSOCIATES, LLC
(808) 223-0074
Listed by
STEVEN H LAU
Source
Corcoran
Added: Mar 21, 2025 Updated: Jul 6 at 10:00 am Checked: Jul 20 at 3:33 am
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 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.
Key Highlights
- 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.
Property Analytics
Property Profile
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
Similar For Sale Nearby
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 #4 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., minutes from Hilo International Airport.; Entire property leased to a single tenant until September 30, 2027.
