Commercial Investment Opportunity: Shop and Minpaku Property in Okinawa City
This property presents a compelling commercial investment opportunity in Okinawa City, featuring a shop and minpaku (private lodging) operation on leased land. The building is a three-story reinforced concrete block (RCB) structure built in May 1971, with a total floor area of 227.52 square meters (approximately 68.82 tsubo). It is strategically located within a commercial zone, offering high building coverage and floor area ratios of 80% and 400%, respectively.
Critical financial details from the agent's notes are as follows: The sale price is 55,000,000 yen. The annual land lease fee is 180,000 yen (15,000 yen per month). The first floor currently houses two fully occupied shop units generating monthly rents of 176,000 yen and 123,000 yen. The second and third floors are configured as a minpaku, which is also fully occupied and generates a monthly rent of 275,000 yen. This combination of tenants results in a surface yield of 12.5%. Due to the property being fully tenanted, internal viewings are not possible.
The property is situated in Okinawa City's Chuo 1-chome district, a central commercial area. Okinawa City, the second most populous city in Okinawa Prefecture, is a vibrant hub known for its American Village in nearby Chatan, a popular tourist destination with shopping, dining, and entertainment. The area offers a unique blend of local Okinawan culture and modern conveniences. A major nearby landmark is the Okinawa Zoo & Museum, a family-friendly attraction that combines a zoo, botanical garden, and natural history museum, making it a popular spot for both residents and tourists.
