750 KANOELEHUA AVE #4 Active Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,992 sqft
Price per Sqft $225
Subdivision Waiakea House Lots 1St Series
MLS Listing ID 719531
Half Baths 4
Year Built 2017
Annual Tax Amount $16,029
Tax Year 2024
Property Sub-Type Retail
Property 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.
Location
State HI
Community Waiakea House Lots 1St Series
Area Hi
Zoning MCX-20
Exterior
Parking Features Unassigned
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Connected
View Y/N No
Building
Lot Description Cleared
Others
Acceptable Financing 1031 Exchange,Cash,Contract,Conventional,HIS Purchase Money Mortgage
Listing Terms 1031 Exchange,Cash,Contract,Conventional,HIS Purchase Money Mortgage
Special Listing Condition Leasehold,Standard