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Land For Sale • 32.41 AC
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.
| Strong marketability and brand recognition |
| Existing nightly rental and events income |
| Conditional Use Permits in place for expansion of additional cottages and events facilities |
| 4 Existing cottages, each with its own history, that accommodates 16 guests |
| 2 private pools on property |
| Approvals to add accommodations for additional 21 nightly guests |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Ellison Onizuka Kona International at Keahole | 72 min | - | 43.7 mi |
Mark Bratton
Colliers
Mark Bratton
Colliers
