Captain Cook HI Commercial for Sale
- Type:
- Industrial
- Sq.Ft.:
- 26,621
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.4 Acres
- Year built:
- 1917
- Baths:
- MLS#:
- 202424637
- Subdivision:
- Kealakekua
ADDITIONAL INFORMATION
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.
Captain Cook Real Estate
The median home value in Captain Cook, HI is $642,500. This is higher than the county median home value of $522,400. The national median home value is $338,100. The average price of homes sold in Captain Cook, HI is $642,500. Approximately 40.58% of Captain Cook homes are owned, compared to 45.45% rented, while 13.97% are vacant. Captain Cook real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Captain Cook real estate agent to arrange a tour today!
Captain Cook, Hawaii has a population of 4,087. Captain Cook is more family-centric than the surrounding county with 41.73% of the households containing married families with children. The county average for households married with children is 25.67%.
The median household income in Captain Cook, Hawaii is $99,286. The median household income for the surrounding county is $68,399 compared to the national median of $69,021. The median age of people living in Captain Cook is 36.5 years.
Captain Cook Weather
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 60.8 degrees. The average rainfall is approximately 30.8 inches per year, with 0 inches of snow per year.