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MLS: 626997
 
Asking Price: $995,000 Fee Simple
Type: Business,Multi-Family,Residential
District: North Kohala
Street: 54-3793 Akoni Pule Hwy
Neighborhood: Kapaau Village
Beds: 9   Baths: 8 Full / 1 Half
Living Area: 2,574 SF
Style: Business/Real Prop
Land Area: 5.68 Acres
Parking: Other (remarks),Unassigned
Amenities: Exterior Lighting,High Traffic,Landscaped,Meeting Room,Office,Storage Area
Days on Market: 221
(The Price of the property was lowered by $74,000 on 06/14/2019)
Year Built: 1934
Zoning: A-20A
Roads: County
Property Taxes: $4,209
Assessed Value: $505,400
Assessed Ratio: 196.87%
Listing Courtesy: Keller Williams Realty Maui
Terms Acceptable: 1031 Exchange,Cash,Conventional
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Historic Hotel for sale

Once in a lifetime opportunity to own a historic piece of north Hawaii Island! Take the Kohala Club Hotel and make it even better with your own spin on the facility. 9 beds and 8.5 baths make this expansive property the ideal investment for both investors or retirees looking to diversify their portfolio. Facility includes three separate dwellings on 5.68 acres. The 2 story, 1 bed 1.5 bath owners residence was just completely remodeled including an expansive private deck. This property fronts the main road through Kapaau where hundreds of thousands of visitors drive past every year.

*Estimated gross profit potential based on current market survey:
$90.00 per night
60% occupancy rate
8 rooms(owners residence separate)
$155,520 gross income

Centrally located close to Historic Hawi town where you can find some of the best dining, art galleries, and coffee shops on the island. Continue driving east on Highway 270 and you’ll literally come to the end of the road at the stunning Pololu Valley Overlook. One of a kind unique property! All 3 structures tented in 2017 and comes with a 3 year warranty. Orchard in the back of the lot includes lychee, mango, avocado, Lime, macnut, orange, papaya, and tangerine. Opportunities are endless, just need someone with the vision to take it and run.


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1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
10473907/23/200102/28/2003$450,000$400,000

 
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