82-6151 Mamalahoa Highway, Captain Cook, HI 96704
- $4,750,000
- List Price
- $4,750,000
- Price Change
- ▼ $1,000,000 1781828316
- Days on Market
- 181
- MLS#
- 202601722
- Status
- ACTIVE UNDER CONTRACT
- Type
- Commercial
- Building
- N/A
- Land Area
- 104,343
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Kealakekua
- Subdivision
- Kealakekua
Property Description
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.
Additional Information
- Island
- Big Island
- Utilities
- Electricity Available, Natural Gas Available
- Lot Size
- 104,343
- Construction Materials
- Block, Concrete, Wood Frame
- Neighborhood
- Kealakekua
- Year Built
- 1917
- Building Name
- N/A
- Sewer
- Cesspool
- Annual Property Tax
- $23,822
- Parking Features
- On Site, Unassigned
- Stories
- 3
- Assessed Total
- 2067000
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Listing courtesy of Standard Management LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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