750 KANOELEHUA AVE, #4, HILO, HI 96720
750 Kanoelehua Ave.
Listing Provided by: Lau & Associates LLC
MLS #: 719531
MLS #: 719531
Description
This is a leasehold property. Prime commercial property for sale (leasehold) on busy Kanoelehua Ave., just minutes to Hilo International Airport. The center is known as Lehua Center and includes four retail spaces totaling 5,992 sq. ft. of leasable area. Each space has it's own private restroom and is individually metered for electricity. There are 25 parking stalls. The land area is 21,050 sq. ft. and is zoned MCX-20. The original 60 year ground lease has approximately 44 years remaining with known ground rents until 8/31/29. 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. That tenant in turn subleases the individual spaces. Lessor is responsible for building exterior repairs and common area maintenance. Lessee is responsible maintaining the interior spaces. Priced below 2023 appraisal. Please DO NOT disturb tenants. Offer subject to inspection.
Property Details
Price: $1,350,000
Sold Price:
Address: 750 KANOELEHUA AVE, #4, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Sold Price:
Address: 750 KANOELEHUA AVE, #4, HILO, HI 96720
Ownership: Full
Status: Active
Category: Commercial Sale
Type:
Total Bedrooms:
Total Bathrooms: 4
Full Baths:
Living Area: 5,992 Square Feet
Listed by: Lau & Associates LLC
Year Built: 2017
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Year Built: 2017
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Features and Amenities
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Community Information
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Subdivision Name: WAIAKEA HOUSE LOTS 1ST SERIES
Association Fee: Monthly
Subdivision Name: WAIAKEA HOUSE LOTS 1ST SERIES
Association Fee: Monthly
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Land Information
Lot Size: 21,050 Square Feet
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Land Lease Rent: $2,932
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Land Lease Rent: $2,932
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Zoning: MCX-20
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Additional Details
Assessed Tax Value: $1,498,100
Annual Tax: $16,030
Tax Year: 2024
Tax Lot: 12
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First Listed March 20, 2025, 10:39 pm
Last Updated March 20, 2025, 10:48 pm
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