An exceptional redevelopment opportunity to acquire the Tong Fat Co. building at 425 N. King Street, located just west of Honolulu’s Central Business District and Chinatown. Offered at $13,500,000, the property occupies approximately 32,526 square feet of BMX-3 zoned land with 29,568 square feet of existing building area. The current improvements comprise 10 retail spaces, 42 rooming units, and 14 two-bedroom/one-bathroom apartments, complemented by 38 parking stalls.

Positioned near the future Kūwili Skyline Station, the property is expected to appeal primarily to developers seeking to maximize the site’s potential through higher-density, transit-oriented redevelopment. A prospective developer may explore an Interim Planned Development–Transit (IPD-T) permit as a potential pathway to increased density and development flexibility, subject to confirmation of eligibility, applicable requirements, infrastructure capacity, and City approvals.

The opportunity aligns with the broader vision of the City and County of Honolulu’s ongoing Kūwili Station Transit-Oriented Development Redevelopment Area Master Planning initiative, which seeks to advance a connected, mixed-use district through coordinated housing, transportation, infrastructure, and public space improvements. With its substantial land area, proximity to planned rail transit, and convenient access to Downtown Honolulu and Chinatown, the Tong Fat Co. building presents an opportunity to participate in the long-term transformation of the Iwilei–Kūwili neighborhood.