Investment Opportunity: Commercial Property with Existing Tenants in Chatan, Okinawa
This commercial property for sale in Chatan Town, Okinawa, presents a turnkey investment opportunity with established income streams. The property consists of a 62.31 m² (approximately 18.84 tsubo) single-story building constructed in 1959, situated on a generous 598.55 m² (approximately 181.06 tsubo) plot of land. The structure is built with reinforced concrete block (RCB) and is located along the major Route 58, ensuring high visibility and accessibility. The land is designated as Category I Residential Zone, with part of the site falling under this zoning.
Critical agent notes provide essential details for prospective buyers. The property is currently tenanted, and direct on-site confirmation or interior viewing by potential buyers is respectfully prohibited due to the presence of existing tenants. The annual income breakdown is clearly detailed: rental income from a commercial building lease (used as a used car dealership) generates 1,848,000 yen, and ground rent income from a land lease (for building ownership purposes) brings in 285,460 yen, resulting in a total annual revenue of 2,133,460 yen. The listing agent, Sarara Real Estate LLC, has specified business hours and contact procedures. Their regular business hours are Monday to Friday, 9:00 AM to 5:30 PM, with weekends and holidays reserved for customers with prior appointments (same-day appointments are possible). For inquiries on holidays, a separate contact number (080-7697-2464) is provided. The agent emphasizes that responses to inquiries made on holidays may be delayed until the next business day. They welcome all real estate-related consultations, including sales, brokerage, rental management, tenant placement, and voluntary sales, and offer free, confidential appraisals for land, buildings, and income properties.
The property is located in the vibrant Chatan area of Okinawa Prefecture, known for its beautiful coastline and American Village, a popular shopping and entertainment complex. A major nearby landmark is the Chatan Park, which offers stunning ocean views and recreational spaces. The area is a hub for both tourists and residents, blending local culture with modern amenities, making it a dynamic location for a commercial investment.
