Waiakea House Lots 1st Series Homes with Leasehold Land tenure

Welcome to the enchanting Waiakea House Lots 1st Series, nestled in the heart of Hilo, Hawaii. This charming neighborhood is a hidden gem, offering a unique blend of lush landscapes, rich cultural heritage, and a welcoming community atmosphere. With its picturesque views of the surrounding mountains and proximity to the stunning coastline, living here feels like a permanent vacation.

Waiakea House Lots boasts a variety of homes, each thoughtfully designed to reflect the island's natural beauty. The properties here are available with leasehold land tenure, providing a unique opportunity for residents to immerse themselves in the Hawaiian lifestyle without the commitment of freehold ownership. This arrangement allows for flexibility and affordability, making it an attractive option for both first-time buyers and seasoned investors.

In addition to the stunning homes, the neighborhood is conveniently located near a myriad of amenities. Residents can enjoy easy access to local markets, boutique shops, and delightful eateries that showcase the island's culinary delights. For outdoor enthusiasts, the nearby parks and recreational areas offer endless opportunities for hiking, biking, and exploring the breathtaking landscapes that Hawaii is renowned for.

Community spirit thrives in Waiakea House Lots, where neighbors often come together for local events and gatherings, fostering a sense of belonging that is hard to find elsewhere. Whether you're looking for a tranquil retreat or an active lifestyle, Waiakea House Lots 1st Series is the perfect place to call home. Discover your slice of paradise in Hilo and embrace the beauty and charm of island living!

Newest Waiakea House Lots 1st Series Homes with Leasehold Land tenure

$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.

Start Your Search

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.