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750 Kanoelehua Avenue Unit 4, Hilo, HI, 96720
Lehua Center Retail Leasehold

750 Kanoelehua Avenue Unit 4 Hilo, HI 96720

For Sale
$1,350,000

Leasehold retail center with four individually metered spaces, private restrooms, and 25 parking stalls.

Property Size5,992 SF
Price / SF$225.30
Days on Market516

Property Features for 750 Kanoelehua Avenue Unit 4

General Information

Standard status
Active
Size
5,992 SF
Property subtype
Commercial Sale / Retail

Building Details

Year Built
2017
Listing Agency: Lau & Associates, LLC
Listed By: Steven H Lau · License #RB-20307
Source: Compass
Added: Feb 24, 2025 Changed: Jul 23 Last Checked: Jul 25 at 12:22PM

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.

Lehua Center is a leasehold retail property comprising four retail spaces with a total leasable area of 5,992 square feet. Each suite has its own private restroom and is individually metered for electricity. The center provides 25 parking stalls. Ground lease terms indicate approximately 44 years remaining, with known ground rents through 8/31/29, and the fee is not available, though there is a first right of refusal. Lessor is responsible for building exterior repairs and common area maintenance, while the lessee maintains the interior spaces.

The property is located on Kanoelehua Ave., minutes from Hilo International Airport. The land area is 21,050 square feet and is zoned MCX-20.

The entire property is leased to a single tenant through September 30, 2027, and that tenant subleases the individual spaces.

Key Highlights

  • Leasehold retail center on busy Kanoelehua Ave. with 4 retail spaces totaling 5,992 sq. ft. of leasable area
  • Each retail space has its own private restroom and is individually metered for electricity
  • 25 parking stalls and chain link fencing on 21,050 sq. ft. land area

Property Analytics

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

FAQs

What type of property is this?
Strip mall - Leasehold retail center with four individually metered spaces, private restrooms, and 25 parking stalls.
Where is this strip mall located?
The property is located at 750 Kanoelehua Avenue 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: Leasehold retail center on busy Kanoelehua Ave. with 4 retail spaces totaling 5,992 sq. ft. of leasable area; Each retail space has its own private restroom and is individually metered for electricity; 25 parking stalls and chain link fencing on 21,050 sq. ft. land area
More about this property
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