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82-6151 Mamalahoa Hwy, Captain Cook, HI 96704
$6,500,000
Commercial
for sale
26,621 sqft
Neighborhood:
Kealakekua
BACK ON THE MARKET!
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.
Read more
Details
1917 year built
- Year Built 1917
- Original list price $6,500,000
- Days on market 20
- Price per sqft $244/sqft
-
Address
82-6151 Mamalahoa Hwy, Captain Cook, HI, 96704
- Frontage Building Lobby, Main Street
- Neighborhood Kealakekua
- Land area 104,343 sqft / 2.395 acres
- Total Interior Area 26,621 sqft
- City of Big Island Captain Cook
- Region South Kona
- Island Big Island
- Land tenure FS - Fee Simple
- Number of Units 64
- Net Operating Income 987712
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$33,142
Taxes
$1,808
HOA dues
$0
Mortgage
Down payment
$1,300,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$33,142 / month
Neighborhood: Kealakekua
Nearby & commute
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
Amenities & Features
Concrete, Wood floors
Roof
Aluminum/Steel
Property Condition
Above Average
Business Type
Hotel/Motel
Construction/Exterior Finish
Concrete Block, Wood Frame
Air Conditioning
None
Loading
Loading Area
Floor Covering
Concrete, Wood
Income Information Source
Owner
Expense Information Source
Owner
Easements
Driveway
Documents Available
Building Plans, Lease Documents, Licenses, P&L, Title Search
Lessee/Tenant Pays
Excise Tax
Parking
On Site, Unassigned
Utilities Included
Emergency Electricity, Gas, Large Water Meter, Light Electricity
Amenities
Other, Private Restroom, Public Restroom
Kealakekua prices
Average price $559.57k
Neighborhood average sales price*
$559.57k
Neighborhood median sales price*
$463.33k
Number or sales*
460
Street median sales price*
$385k
Median sale price Ilikai Apt Bldg*
$818.35k
*last 6 months
Schools
15 schools with rating up to 10
| School rating | Distance | |
|---|---|---|
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
Elementary School
|
0.885mi | |
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
Middle School
|
0.885mi | |
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
High School
|
0.885mi |
| School rating | Distance | |
|---|---|---|
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
|
0.885mi | |
| out of 10 |
Ke Kula O Ehunuikaimalino
811041 Konawaena School Rd,
Kealakekua, HI 96750
|
1.411mi |
| out of 10 |
Konawaena Elementary School
81901 Onouli Rd,
Kealakekua, HI 96750
|
1.48mi |
| out of 10 |
Honaunau Elementary School
83-5360 Mamalahoa Hwy,
Captain Cook, HI 96704
|
3.368mi |
| out of 10 |
Kona Pacific - Public Charter School
79-7595 Mamalahoa Hwy,
Kealakekua, HI 96750
|
3.389mi |
| School rating | Distance | |
|---|---|---|
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
|
0.885mi | |
| out of 10 |
Ke Kula O Ehunuikaimalino
811041 Konawaena School Rd,
Kealakekua, HI 96750
|
1.411mi |
| out of 10 |
Konawaena Middle School
811045 Konawaena School Rd,
Kealakekua, HI 96750
|
1.51mi |
| out of 10 |
Kona Pacific - Public Charter School
79-7595 Mamalahoa Hwy,
Kealakekua, HI 96750
|
3.389mi |
|
Kona Adventist Christian School
P.O. Box 739,
Captain Cook, HI 96704
|
9.086mi |
| School rating | Distance | |
|---|---|---|
|
Kona Adventist Christian School
Po Box 739,
Captain Cook, HI 96704
|
0.885mi | |
| out of 10 |
Ke Kula O Ehunuikaimalino
811041 Konawaena School Rd,
Kealakekua, HI 96750
|
1.411mi |
| out of 10 |
Konawaena High School
811043 Konawaena School Rd,
Kealakekua, HI 96750
|
1.468mi |
|
High School of the Pacific
79-7486 Mamalahoa Hwy,
Kealakekua, HI 96750
|
3.113mi | |
|
Hualalai Academy
74-4966 Kealakaa St,
Kailua Kona, HI 96740
|
13.673mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing Nov 4, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Nov 4, 2024 | New Listing | $6,500,000 -13.33% | $244.17 | MLS #202424637 |
| Oct 22, 2024 | Expired | $7,500,000 | $281.73 | MLS #202412099 |
| Aug 28, 2024 | Active Under Contract | $7,500,000 | $281.73 | MLS #202412099 |
| May 30, 2024 | New Listing | $7,500,000 | $281.73 | MLS #202412099 |
Tax & MLS details 82-6151 Mamalahoa Hwy, Captain Cook, HI, 96704
Neighbor Island - See Remarks zoning / MLS #202424637
Current Property Taxes p/month
$1,808
Property Tax Year
2024
Assessed Improvement value
$1,260,300
Assessed Land value
$618,600
TMK
3-8-2-015-019-0000
Land Recorded
Land Court
Zoning
Neighbor Island - See Remarks
Flood Zone
Zone X
Total Assessed value
$1,878,900
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202424637
Hawaii House tour report for this commercial
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Stunning views
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Open floorplan
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Recently sold nearby 82-6151 Mamalahoa Hwy in Kealakekua
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Frequently asked questions for 82-6151 Mamalahoa Hwy
What is 82-6151 Mamalahoa Hwy?
82-6151 Mamalahoa Hwy is a Commercial/Industrial
How many units does it have?
82-6151 Mamalahoa Hwy has 64 units.
What is the rental income?
The net income is $987,712
*check with agent
What is the full address of this commercial?
82-6151 Mamalahoa Hwy, Captain Cook, HI, 96704.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. Some 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on November 04, 2024.
Hawaii House Last checked 1 minute ago.
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