750 Kanoelehua Ave, Unit 4

Hilo, HI 96720

$1,350,000
Price
—
Beds
5,992 Sq. Ft.
$225 / Sq. Ft.
5,992
Sq. Ft.
$225
per Sq. Ft.
a car parked in front of a house
an aerial view of residential houses with outdoor space and ocean view
a picture of city view with lake view and mountain view
a view of a city with an ocean
a view of a city with an ocean
a view of a city and lake
an aerial view of a city
an aerial view of a city
an aerial view of a city
an aerial view of a city
a view of a terrace with a table and chairs
a view of swimming pool with a outdoor seating
a view of a city
a view of cars parked in front of a building
a view of a cars park in front of a building
a view of a street with cars
a view of the terrace
a front view of a house with a garden
a view of a street with sitting area
a view of a cars parked in front of a building
a car parked in garage of a
a view of a car parked in front of a building
a car parked in front of a house
a view of the street

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...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 for 750 Kanoelehua Avenue, Unit 4

Waterfront
No
Subdivision Name
WAIAKEA HOUSE LOTS 1ST SERIES
Zoning
MCX-20
LISTING UPDATED: 03/20/2025 10:48 PM

Property Details for 750 Kanoelehua Avenue, Unit 4

StatusActive
MLS #719531
Days on Market272
Taxes$16,030 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeCommercial Sale / Retail
Year Built2017
Lot Size0.48 AC / 21,050 SF
CountyHawaii County

Location

Listing Courtesy of Lau & Associates LLC, Steven H Lau, License #RB-20307
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Building Information for 750 Kanoelehua Avenue, Unit 4

Stories-Residences-Year Built2017Lot Size0.48 AC / 21,050 SF

Payment Calculator

$8,007 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,671

Property Taxes

$1,336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 750 Kanoelehua Avenue, Unit 4

Summary
Location and General Information
  • Flood Zone: X
  • Lava Zone: 3
  • Directions: 750 Kanoelehua Ave.
  • Topography: Level
  • Latitude: 19.7078661
  • Longitude: -155.06469215
  • Year Built: 2017
  • Roads: County
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2024
  • Association Fee: $0
  • Tax Annual Amount: $16,030
  • Tax Assessed Value: 1498100.0
  • Parcel Number: 3-2-2-37-29
  • Tax key: 322037029
  • Tax Lot: 12
Parking
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Parking Features: Unassigned
Property
Lot Information
  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 210 x 100
  • Lot Length: 210
  • Lot Width: 100
  • Living Area Units: Square Feet
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Lot Features: Cleared
  • Land Tenure: Leasehold
  • Living Area: 5992.0
  • Lot Size Area: 21050.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2024
  • Covenants Conditions Restrictions: No
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Agriculture Dedicated: No
Utilities
  • Internet Access: Cable
  • Solid Waste Disposal: Private Contractor
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Fencing: Chain Link
  • Structures: Yes
Interior Features
  • Elevation Units: Feet
  • Bathrooms Total: 0
  • Bathrooms Full: 0
  • Bathrooms Half: 4
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 0
Rental
Rental Information
  • Pets Allowed: No
  • Leasable Area Units: Square Feet
  • Leasehold Rent: $2,932

Property History for 750 Kanoelehua Avenue, Unit 4

DateEvent & SourcePriceAppreciation
Mar 20, 2025

Listed (Active)

HIS #719531

$1,350,000—
DateEvent & SourcePrice
03/20/2025

Listed (Active)

HIS #719531

$1,350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 750 Kanoelehua Avenue, Unit 4

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Chiefess Kapiolani Elementary School
Public - PK to 6
Hilo Intermediate School
Public - 7 to 8
Hilo High School
Public - 9 to 12
Connections - New Century Public Charter School
Charter - K to 12
Rating
School
Distance
Chiefess Kapiolani Elementary School
PublicPK to 6

Hilo Intermediate School
Public7 to 8

Hilo High School
Public9 to 12

Connections - New Century Public Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 750 Kanoelehua Avenue, Unit 4, Hilo, HI 96720

750 Kanoelehua Avenue, Unit 4 is for sale in Hilo, HI 96720. This property was listed for sale on March 20, 2025 by Lau & Associates LLC, it's currently listed at $1,350,000. This listing's school district is Hawaii Department Of Education. Nearby schools include Chiefess Kapiolani Elementary School, Hilo Intermediate School and Hilo High School. 750 Kanoelehua Avenue, Unit 4 is a 0-bed, 4-bath, 5,992 sqft built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lau & Associates LLC, Steven H Lau, License #RB-20307

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.