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Additional details
Listed by Bratton Realty Advisors Ltd
$ 8,200,000
Est. payment | /mo
$ 8,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Kapaau
MLS Listing ID 202523316
Construction Status Excellent
HOA Y/N No
Year Built 1949
Annual Tax Amount $6,326
Property Sub-Type Industrial
Property Description
Ultra-rare, fee simple opportunity, for a 32.41 acres guest ranch located in North Kohala. This meticulously maintained, historic asset combines immediate cash flow with the potential to significantly grow the property and revenues into one of the quainter event facilities in the state of Hawaii.
Surrounded by nature, the 4 current guest cottages sleep 16 guests, and entitlements are obtained 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.
With tremendous value-add potential, there's opportunity to increase cash flow and revenues, making it an ideal acquisition for owner-users, investors, or developers. Owning a guest ranch on the Big Island of Hawaii is not just a business opportunity-it is a lifestyle that supports community, culture, and the environment while offering a unique and rewarding experience for both owners and its guests. This is a rare entry point into North Kohala's high-barrier ecotourism commercial real estate market.
Surrounded by nature, the 4 current guest cottages sleep 16 guests, and entitlements are obtained 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.
With tremendous value-add potential, there's opportunity to increase cash flow and revenues, making it an ideal acquisition for owner-users, investors, or developers. Owning a guest ranch on the Big Island of Hawaii is not just a business opportunity-it is a lifestyle that supports community, culture, and the environment while offering a unique and rewarding experience for both owners and its guests. This is a rare entry point into North Kohala's high-barrier ecotourism commercial real estate market.
Location
State HI
County Hawaii
Community Other
Area N. Kohala
Building/Complex Name Hawi
Interior
Interior Features Handicap Access
Cooling None
Flooring Other, Wood
Fireplace No
Exterior
Parking Features On Site
Community Features Other
Utilities Available Electricity Available, Natural Gas Available
Building
Entry Level One
Sewer Septic Tank
Level or Stories One
Construction Status Excellent
Others
Tax ID 3-5-6-001-082-0000
Special Listing Condition None
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