Active

82-6151 Mamalahoa Highway

Captain Cook HI, 96704

$7,500,000


$281.73 per sqft

Active

26,621 sqft

Commercial

Built in 1917

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.

202412099

MLS ID

May 30, 2024

Listed

July 13, 2024

Updated

Map

82-6151 Mamalahoa Highway
Captain Cook HI, 96704

School Information

High School

Konawaena


Elementary School

Konawaena

Other Property Details

Area Name

S. Kona


Taxes

$23,436


Tax Frequency

Annually


Days on Market

18


Garage

No


View

No


County

Hawaii


Pool

No


Zoning

Neighbor Island - See Remarks

 

Courtesy of Standard Management LLC, Michael M Okamoto

Listing Contact: (808) 208-8107 

Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS / HiCentral (HBR) listings last updated on 7/13/2024 11:14 AM UTC. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.

©2024 Honolulu Board of REALTORS®/ HICentral. All rights reserved. 

Data last updated 11:14 AM UTC, 7/13/2024

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