82-6151 Mamalahoa Hwy, Captain Cook
Captain Cook Home For Sale
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.
Property Details
Sales Agent
- Beach Cities Real Estate
- Phone: (888) 990-7111
- Cell: (888) 990-7111
- Contact Agent Now
Essential Information
-
- MLS® #:
- 202412099
-
- Price:
- $7,500,000
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 26,621
-
- Acres:
- 2.40
-
- Year Built:
- 1917
-
- Type:
- Commercial
-
- Sub-Type:
- Commercial/Industrial
-
- Status:
- Active
Community Information
-
- Address:
- 82-6151 Mamalahoa Hwy
-
- Area:
- S. Kona
-
- Subdivision:
- KEALAKEKUA
-
- City:
- Captain Cook
-
- State:
- HI
-
- Zip Code:
- 96704
Amenities
-
- Amenities:
- Other, Private Restroom, Public Restroom
-
- Utilities:
- Emergency Electricity, Gas, Large Water Meter, Light Electricity
-
- Parking:
- On Site, Unassigned
Interior
-
- Stories:
- Three, Two
Exterior
-
- Exterior:
- Concrete Block, Wood Frame
-
- Construction:
- Concrete Block, Wood Frame
School Information
-
- Elementary:
- Konawaena
-
- Middle:
- Konawaena
-
- High:
- Konawaena
Additional Information
-
- Date Listed:
- May 30th, 2024
-
- Days on Market:
- 70
Listing Details
-
- Listing Office:
- Standard Management LLC
Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on August 8th, 2024 at 12:18pm PDT. Information is deemed reliable but not guaranteed. Copyright: 2024 by the HiCentral MLS®, Ltd.
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