Fung Yip Industrial Building is a 15-storey Industrial Building located in 170 Wai Yip Street just 10-mins walk from Kwun Tong MTR station. Grade A buildings like , and are in its close vicinity. It has 1 passenger lift and 1 service lift.

Fung Yip Industrial Building is a strata-titled Industrial Building with workshop/ offices available for sale, and for rent.