1520 Liliha Street Honolulu HI 96817 MLS #202516308

Standard Commercial LLC is pleased to present a rare opportunity to acquire the fee simple interest in the Liliha Professional Building, a multi-tenant medical office property located in the heart of urban Honolulu, Hawaii. The property totals 40,296 square feet of gross leasable area and is currently 70% leased with a market average occupancy of 88%, providing signifiant lease-up opportunity to a buyer. It offers ample on-site parking with 194 stalls.

The building recently underwent over $1 million in capital improvements, making it a turnkey opportunity for a new owner. An owner-user can secure one of the few outpatient facilities available in urban Honolulu while generating income from existing tenants. Alternatively, a value-add investor can pursue lease-up or a medical office condominium conversion, supported by strong in-place cash flow.