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Listed by Lau & Associates, LLC
$ 1,350,000
Est. payment | /mo
$ 1,350,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Waiakea Hselots
MLS Listing ID 202503343
Construction Status Good Condition
HOA Y/N No
Year Built 2017
Annual Tax Amount $16,020
Property Sub-Type Industrial
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
County Hawaii
Area S. Hilo
Building/Complex Name None
Interior
Cooling Other
Flooring Concrete
Fireplace No
Exterior
Parking Features On Site
Utilities Available Electricity Available, Natural Gas Available
Building
Story 1
Entry Level One
Sewer Septic Tank
Level or Stories One
Construction Status Good Condition
Others
Tax ID 3-2-2-037-029-0000
Security Features Fire Sprinkler System
Special Listing Condition None
