82-6151 Mamalahoa Hwy Captain Cook, HI 96704

Property Details for 82-6151 Mamalahoa Hwy

Year built

1925

Construction

WOOD

Lot size

2.00 lot acres

Property size

14,310 SF

Zone code

3M

Property type

Commercial real estate

APN

3-8-2-015-019

APU

382015019

Description

This exceptional 64-key boutique hotel, situated on a 104,343 sq ft lot in Captain Cook, Hawaii, presents a compelling value-add investment opportunity. The property, comprised of four buildings constructed in 1917 and 1963, boasts a rich history as Hawaii's oldest restaurant, a James Beard Award-winning establishment, and offers breathtaking ocean views. Currently operating with 64 rooms, the hotel features significant untapped potential for revenue growth. Underutilized spaces offer opportunities for conversion into additional guest rooms, amenities (such as a pool or lawn), or enhanced food and beverage offerings, including a potential 1920s-themed speakeasy. The property's below-market room and commercial rents provide immediate upside potential. The sale includes all furniture, fixtures, and equipment (FF&E), licenses, website, and trade name. The permitted zoning is CV-10, CN-7.5, and the property's Pro-Forma NOI is $987,712, yielding a 15.20% Pro-Forma Cap Rate. This offering represents a unique chance to acquire a piece of Hawaii's history and establish it as a premier boutique hotel. The address is 82-6151 Mamalahoa Hwy, Captain Cook, HI 96704, APN: 3-8-2-15-19, 3-8-2-15-22. The asking price is $6,500,000.

Location Insight

City

Captain Cook

County

Hawaii

State

Hawaii

Longitude

-155.911

Latitude

19.4889

CBSA code

25900

CBSA name

HILO, HI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments