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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. The opportunity aligns with the broader vision of the City and County of Honolulu's ongoing Kuwili 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-Kuwili neighborhood.
| DAYS ON MARKET | 2 | LAST UPDATED | 11/10/2026 |
|---|---|---|---|
| TRACT | DILLINGHAM | YEAR BUILT | 1921 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Kaiulani |
|---|---|
| Jr. High School | Keelikolani |
| High School | Farrington |
| ADDITIONAL DETAILS | |
| AREA | Metro |
|---|---|
| CONSTRUCTION | Stucco |
| LOT | 32526 acre(s) |
| LOT DESCRIPTION | Level, Other |
| LOT DIMENSIONS | 32526 |
| STORIES | 2 |
| SUBDIVISION | DILLINGHAM |
| TAXES | 93396 |
| UTILITIES | Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Sewer Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 33 - BMX-3 Community Business M |
MORTGAGE CALCULATOR
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Listed with Excel Commercial Realty LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 11/12/26 5:18 AM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 11/12/26 5:18 AM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2026.