224 Haili St in HILO TOWN | MLS® 719316 For Sale $1,800,000 in South Hilo, Hawaii

$1,800,000

MLS® #: 719316

224 Haili St

South Hilo, Hawaii 96720

$1,800,000

MLS® #: 719316

224 Haili St

South Hilo, Hawaii 96720

Active

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.

WAIAKEA HOUSE LOTS 1ST SERIES 750 Kanoelehua Ave 4, South Hilo

$1,350,000 - 5,992 Sf

MLS® # 719531

Lau & Associates LLC

Active

Excellent opportunity to own a solid income producing property in a mixed use, high traffic, highly visible area great for investors or owner occupants alike. 2025 Estimated Profit is $130k with a long term lease in place thru February 1, 2029. Property is currently home to a single use tenant but has been home to multiple tenants in the past with parking in both the front and back of the building plus separate electric meters renting to multiple tenants is simple. Front office and back warehouse with mezzanine each have their own entrances and are already conveniently separated with connecting interior access via hallway to 2 half bathrooms. Front office space is currently built out with 7 private offices, common area with cubicles, and break room. Recent updates include new roof in March 2024, new air conditioning compressor in September 2018, and 135 PV panels with 3 inverters in December 2014 Interior showings will be granted to qualified Buyers only; please be prepared to provide proof of cash funds or pre-approval letter from a reputable lending institution. DO NOT DISTURB CURRENT OCCUPANTS The information herein while deemed reliable may contain inaccuracies and is provided without warranty or guarantee of any kind. Buyer and Buyer's agent to do due diligence. Agents and buyers are advised to independently verify any information they deem material or important to the decision to purchase the property including, but not limited to, the condition, permits and square footage of the property. Square footage is approximate and should be verified by an appraisal.

WAIAKEA HOUSE LOTS 2ND SERIES 1080 Kilauea Ave, South Hilo

$2,100,000 - 9,455 Sf

MLS® # 712358

Iokua Real Estate, Inc. - Hilo

224 Haili St, South Hilo

$1,800,000

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224 Haili St, South Hilo

$1,800,000

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