82-6151 Mamalahoa Hwy Captain Cook, HI 96704

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.