HI > Captain Cook
Captain Cook, HI 96704,82-6151 Mamalahoa Highway
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Captain Cook, HI 96704,82-6151 Mamalahoa Highway
Captain Cook, HI 96704,82-6151 Mamalahoa Highway
Captain Cook, HI 96704,82-6151 Mamalahoa Highway
Captain Cook, HI 96704,82-6151 Mamalahoa Highway
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Anthony Cox

Anthony Cox

+1(808) 699-4202
$ 7,500,000
Est. payment /mo
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Active Under Contract

82-6151 Mamalahoa Highway Captain Cook, HI 96704

26,621 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Commercial/Industrial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 26,621 sqft

Price per Sqft $281

MLS Listing ID 202412099

Year Built 1917

Lot Size 2.395 Acres

Acres 104343.0

Property Sub-Type Commercial/Industrial

Property Description

OFFERS DUE JULY 12, 2024! Rare opportunity to buy the Manago Hotel, a fee simple, 64-room unbranded historic hotel with additional commercial space, a home, long-term residential rentals, and Hawaii's oldest restaurant which was the winner of a 2023 James Beard Award. The hotel offers a glimpse into "Old Hawaii," a charm treasured by locals and visitors alike. This property has been established, owned, and operated continuously by the Manago family for over 100 years. The Manago Hotel Restaurant is Hawaii’s oldest restaurant, dating back to 1917. The property is an incredible value-add investment with tremendous upside potential. The current below-market room and commercial rents offer immediate upside, while undeveloped land provides space for desirable new amenities such as a swimming pool or grand lawn. The addition of enhanced food and beverage services and the transformation of an existing bar into a 1920s-themed speakeasy, as well as a modern reservation system, could further increase value. Moreover, the hotel includes additional rooms currently not in use that could be converted into long-term rentals. NOI is proforma. Offering includes two parcels - TMKs:3-8-2-15-19 & 22.

Location

State HI

County Captain Cook

Area S. Kona

Zoning Zone X

Interior

Heating Emergency Electricity, Gas, Large Water Meter, Light Electricity

Flooring Concrete, Wood

Exterior

Parking Features On Site, Unassigned

Utilities Available Emergency Electricity, Gas, Large Water Meter, Light Electricity

Amenities Available Other, Private Restroom, Public Restroom

Building

Story Two, Three

Sewer Cesspool

Schools

Elementary Schools Konawaena

Middle Schools Konawaena

High Schools Konawaena

Others

Ownership FS - Fee Simple

Virtual Tour https://vimeo.com/944420349

Honolulu Board of REALTORS® - HiCentralMLS
Listed by Standard Management LLC

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agent
Anthony Cox

Realtor Associate | License ID: RS-83404

+1(808) 699-4202 | anthony@oceantomountainhomes.com

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82-6151 Mamalahoa Highway