56 Ala Malama Ave, Kaunakakai, HI 96748

8 Room Hotel | Kaunakakai, HI 96748 | $3,950,000 ($493,750/Room)

Asking Price $3,950,000

Property Type: Hospitality
Square Feet: 6,786 SF

Listing Contacts

Ron Barron

Property Overview

The property is subject to a 1031 exchange and is set to finish all construction in August/September 2024 with a Certificate of Occupancy to do business.
The hotel has three (3) commercial units downstairs in shell condition with AC and street frontage, as shown in the pictures. Eight Studio with AC and furniture. Six studios upstairs & two Studios downstairs. Sixty (60) solar panels and furniture will be installed by early AQUGUST-SEPTEMBER 2024.
Attached is a projected cash flow with three commercial units & eight studios fully rented out.

Property Details

Class: B
Year Built: 2024
Stories: 2
Property Subtype: Hotel
Lot Size (sq. ft): 13,068 SF
Units: 8

Highlights

This location is less than minutes away from Kuanakakai Harbour and Duke Maliu Regional Park.
This property offers multiple sources of income including the first floor with commercial space available, and hospitality spaces.
Location offers great potential for local tourism and nearby cafes.
Newly built property with lots of upside potential.

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