Commercial Hospitality Complex in Urasoe, Okinawa with Proven Revenue
This unique commercial property in Urasoe's Minatogawa area presents a significant investment opportunity as a combined lodging and dining facility. The complex consists of three distinct buildings with a total floor area of 356.5 square meters (approximately 107.83 tsubo) on a generous 551.35 square meter (approximately 166.78 tsubo) plot of land. The structures include a lodging facility (registered as a residence) built with a wooden frame, zinc-galvanized copper sheet roof, and elevated-floor single-story design; a restaurant building constructed with reinforced concrete, flat roof, and zinc-galvanized copper sheet roof; and an office building made of light-gauge steel with a zinc-galvanized copper sheet roof.
The lodging facility currently generates a stable annual revenue of approximately 8 million yen, providing an immediate income stream. The separate restaurant space, which is currently vacant, offers 177.10 square meters, making it larger than the lodging area. This space can be leased out as a rental property or used to open your own restaurant. Notably, the restaurant section can also be renovated into additional lodging space, potentially after obtaining a ryokan (inn) business license, which could lead to further revenue growth. The property's versatile layout allows for various business models and expansion ideas.
The Minatogawa district of Urasoe is a vibrant and evolving part of central Okinawa. An interesting local fact is that the area is known for its concentration of unique, independent cafes and bakeries, often housed in converted traditional houses, creating a distinctive and trendy atmosphere. The property is conveniently located within a reasonable distance from major Okinawan attractions, most notably the UNESCO World Heritage site of Shuri Castle, a reconstructed palace of the Ryukyu Kingdom that offers a deep dive into the region's unique history and culture.
