Prime Commercial Corner Property in Okinawa City
This commercial property, located on a prominent corner lot along a major thoroughfare in Okinawa City's Teruya 1-chome, presents an excellent investment opportunity with a projected yield of 7.2%. The building, constructed in January 1977, offers a total floor area of 87.73m² (approximately 26.53 tsubo) spread over two storeys. The ground floor is currently leased as a retail shop, while the second floor is a residential unit that is also tenanted. The specific layout is therefore not confirmed due to the existing tenancies. The land area is 79.33m² (24 tsubo), situated on a highly visible intersection, ensuring strong exposure for any business.
Critical agent notes have been provided: The land area is currently under confirmation. The annual land lease fee is 88,200 yen. The property is being sold 'as-is' in its current condition. The property is designated for commercial use within a non-lineage urban planning area, with a building coverage ratio of 80% and a floor area ratio of 400%. Pets are not permitted. The transaction is handled via an exclusive intermediary.
The Teruya area of Okinawa City is a bustling commercial and residential district. An interesting local fact is that Okinawa City, formerly known as Koza, has a rich cultural history deeply influenced by the presence of U.S. military bases, resulting in a unique fusion of American and Okinawan cultures evident in its music and cuisine. The property is conveniently situated, with the iconic Okinawa Comprehensive Athletic Park, a major sports and event complex, being a significant nearby landmark.
