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MLS: 202516308 (Active - For Sale)
 
Asking Price: $16,100,000 FS - Fee Simple
Type: Commercial
District: Metro
Address: 1520 Liliha Street, Honolulu, HI
Neighborhood: Liliha
Beds: 0   Land Area: 1.23 Acres
Parking: Assigned,On Site,Unassigned
Amenities: ADA Accessible,Security
Days on Market: 268
Year Built: 1979
Easements: Driveway,Sewer,Utility
Zoning: 05 - R-5 Residential District
Land Recorded: Regular System
Property Taxes: $12,132
Assessed Value: $11,971,700
Assessed Ratio: 134.48%
Listing Courtesy: Standard Management LLC
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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.


 
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