Waiakea Hselots Homes with Leasehold Land tenure

Welcome to Waiakea Hselots, a hidden gem nestled in the heart of Hilo, Hawaii. This charming neighborhood offers a unique blend of tropical beauty and community spirit, making it an ideal place for families, retirees, and anyone looking to savor the relaxed Hawaiian lifestyle.

Waiakea Hselots is known for its lush landscapes, characterized by vibrant greenery and stunning views of Mauna Kea. The area is rich in cultural heritage, with a friendly atmosphere that invites you to connect with your neighbors and experience the warmth of Hawaiian hospitality. Here, you can enjoy leisurely strolls through scenic parks, engage in local community events, or simply relax in your backyard while soaking up the sun.

One of the distinctive features of homes in Waiakea Hselots is the leasehold land tenure. This means that while you own the home, the land is leased, offering a more affordable entry point into the Hilo real estate market. This arrangement allows residents to enjoy the beauty and charm of Hawaii without the hefty price tag often associated with freehold properties.

The neighborhood is conveniently located near essential amenities, including shopping centers, schools, and healthcare facilities, ensuring that you have everything you need just a stone's throw away. With its unique character and community-oriented vibe, Waiakea Hselots is more than just a place to live; it’s a lifestyle waiting to be embraced. Discover the beauty of Hilo living in this enchanting neighborhood today!

Newest Waiakea Hselots Homes with Leasehold Land tenure

$1,215,000

202503343 MLS ⋅ LH - 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 Avenue, Hilo

Listing courtesy of Lau & Associates, LLC.

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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.