750 Kanoelehua Ave Unit 4, Big Island, HI 96720
- $1,215,000
- 4
- BA
- 5,992
- SqFt
- List Price
- $1,215,000
- Price Change
- ▼ $135,000 1776871625
- Days on Market
- 494
- MLS#
- 719531
- Status
- ACTIVE
- Type
- Commercial
- Half Baths
- 4
- Living Area
- 5,992
- Land Area
- 21,050
- Land Tenure
- Leasehold
- Neighborhood
- Waiakea House Lots 1st Series
- Subdivision
- Waiakea House Lots 1st Series
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.
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Additional Information
- Island
- Big Island
- Utilities
- Cable Available, Electricity Available, Phone Available, Sewer Connected
- Lot Dimensions
- 210 x 100
- Lot Size
- 21,050
- Neighborhood
- Waiakea House Lots 1st Series
- Year Built
- 2017
- Annual Property Tax
- $16,029
- Parking Features
- Unassigned
- Lot Features
- Cleared
- Unit
- 4
- Zoning
- MCX-20
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Listing courtesy of Lau & Associates LLC.
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