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$1,215,000
4 Baths 719531 MLS ['Leasehold'] Tenure
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.

750 Kanoelehua Ave Unit 4, HILO

Listing courtesy of Lau & Associates LLC.

$310,000
1 Beds 2 Baths 660141 MLS ['Fee Simple'] Tenure
This is your chance to buy a well maintained commercial building located in the heart of Pahoa Village with two fully self contained units. The building currently has a non-alcoholic Awa (kava kava) Bar with a large lanai and bathroom located on the first floor. The La Hiki Ola Kava bar been ornately painted throughout with murals and other artwork and has been a mainstay of the local community for years. The second floor contains a large fully self contained residential apartment with kitchen and bathroom and lanai. The second floor has bamboo floors in the main space, and slate floors on the bathroom and lanai. The kitchen area has poured concrete countertops and new appliances (stove, dishwasher, refrigerator). There is lanai out front and a stairwell in the back that leads down to the first floor. There is a small garden area in the back with lilliquoi and avocado plants. From the rear lanai and on the roof, there is a distant view of Mauna Kea and Mauna Loa volcanoes. This building is located in the heart of Pahoa town and this area remains largely unchanged with Hawaiian western style architecture and rustic wooden boardwalk areas. Across the street from the units are three highly-rated restaurants including Thai, Seafood and Italian, and a new Kombucha brewery opening soon across the street. The downtown is hopping with activity, but the noise ends by 9pm every night. This sale includes the building and land only, not the business. Serious buyers only!

15-2950 Pahoa Village Rd, PAHOA

Listing courtesy of COMPASS.