Four-Space Leasehold Shopping
For Sale
$1,215,000
4-750 Kanoelehua Ave, Hilo, HI 96720
Leasehold retail center with individually metered spaces, private restrooms, and on-site parking.
Property Size5,992 SF
Lot Size0.48 Acres
Price / SF$202.77
Days on Market577
Property Features for 4-750 Kanoelehua Ave
General Information
Standard status
Active
Size
5,992 SF
Total Parking Spaces
25
Lot size
0.48 Acres
Zoning
MCX-20
Occupancy
100%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$16,029
Amenities
private restroom
individually metered electricity
Building Details
Tenancy
Single
Listing Agency:
Lau & Associates LLC
Listed By:
Steven H Lau · License #RB-20307
(808) 223-0074
Source:
Exprealty
Added: Mar 20, 2025
Changed: Oct 16
Last Checked: Oct 16 at 3:12PM
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
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Investment Insights
Based on property information with market context.
Lehua Center is a leasehold shopping center comprising four retail spaces with a combined 5,992 square feet of leasable area. Each space includes a private restroom and separate electric metering, while the property provides 25 parking stalls. The underlying land measures 21,050 square feet and carries MCX-20 zoning.
The original 60-year ground lease has approximately 44 years remaining, with known ground rents through 8/31/29. The entire center is leased to one tenant through September 30, 2027, with the individual spaces subleased by that tenant. The lessor handles exterior building repairs and common-area maintenance; the lessee maintains the interior spaces. A first right of refusal is in place, and the fee interest is not available.
The original 60-year ground lease has approximately 44 years remaining, with known ground rents through 8/31/29. The entire center is leased to one tenant through September 30, 2027, with the individual spaces subleased by that tenant. The lessor handles exterior building repairs and common-area maintenance; the lessee maintains the interior spaces. A first right of refusal is in place, and the fee interest is not available.
Key Highlights
- Four retail spaces totaling 5,992 square feet of leasable area
- Leasehold interest with approximately 44 years remaining on the original 60‑year ground lease
- 21,050‑square‑foot land area zoned MCX‑20
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Shopping center - Leasehold retail center with individually metered spaces, private restrooms, and on-site parking.
Where is this shopping center located?
The property is located at 4-750 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: Four retail spaces totaling 5,992 square feet of leasable area; Leasehold interest with approximately 44 years remaining on the original 60‑year ground lease; 21,050‑square‑foot land area zoned MCX‑20
