750 KANOELEHUA AVE, #4, HILO, HI 96720

Property details

Beds / baths

0BR · 4BA

Living area

5,992 sqft

Price / sqft

$203/sqft

HOA

—

Days on market

447 days

Year built

2017

Property type

Commercial Sale · Retail

Ownership

Full

Land tenure

Leasehold

MLS #

719531

Status

Active

Location

View on Google Maps

About this listing

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.