Active
750 Kanoelehua Avenue
Hilo HI, 96720
$1,350,000
$112.65 per sqft
Active
11,984 sqft
Commercial
Built in 2017
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 11,984 sq. ft. of leasable area. 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.
202503343
MLSⓇ ID
February 25, 2025
Listed
February 26, 2025
Updated
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
No
Exterior/Building Features
Lot Size
0.48 Acres
Sewer
Septic Tank
Security
Fire Sprinkler System
Other Property Details
Area Name
S. Hilo
Taxes
$16,020
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
On Site
View
No
County
Hawaii
Utilities
Electricity Available, Natural Gas Available
Courtesy of Lau & Associates, LLC, Steven H Lau
Listing Contact: (808) 223-0074
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 2/26/2025 1:16 PM UTC. Information is deemed reliable but not guaranteed. Copyright: 2025 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
©2025 Honolulu Board of REALTORS®/ HICentral. All rights reserved.
Data last updated 1:16 PM UTC, 2/26/2025
