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56-2864 Akone Pule Hwy 32.41 Acres of Commercial Land Offered at $8,200,000 in Hawi, HI 96719
INVESTMENT HIGHLIGHTS
- Established events center for weddings and other gatherings.
- Stabilized cash flow from nightly rentals and event income.
- Four Existing cottages, each with its own history, that accommodating up to 16 guests.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $8,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hospitality |
| No. Lots | 1 | Total Lot Size | 32.41 AC |
| Property Type | Land | ||
| Zoning | A-20A | ||
| Price | $8,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hospitality |
| Total Lot Size | 32.41 AC |
| Zoning | A-20A |
1 LOT AVAILABLE
Lot
| Price | $8,200,000 | Lot Size | 32.41 AC |
| Price Per AC | $253,008.33 |
| Price | $8,200,000 |
| Price Per AC | $253,008.33 |
| Lot Size | 32.41 AC |
An established guest ranch and events center located on an exquisite 32.41 acres of land located in North Kohala on the Big Island of Hawaii.
DESCRIPTION
A very rare investment opportunity: a fee simple, 32.41 acre guest ranch located in North Kohala on the Big Island of Hawaii. This meticulously maintained asset combines immediate cash flow with the potential to significantly grow the property and revenues into one of the more quaint and substantial event facilities in the state of Hawaii. Currently home to 4 guest cottages, which sleeps 16 guests, this opportunity has obtained the entitlements to increase sleeping capacity by an additional 21 guests, along with the construction of a more substantial events facilities. Through immediate marketing and operational enhancements, current NOI could also be increased by improving under-market ADR’s and frequency of events, to include company retreats, baby luaus or special events venue.
PROPERTY TAXES
| Parcel Number | 3-5-6-001-082-0000 | Improvements Assessment | $738,600 |
| Land Assessment | $18,900 | Total Assessment | $757,500 |
PROPERTY TAXES
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56-2864 Akone Pule Hwy
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