Commercial and Residential Property in Urasoe City, Okinawa

This unique property in Urasoe City, Okinawa, presents a versatile investment opportunity as a combined tenant and residential building. Located in Izu 4-chome, the property sits on a generous 202.43m² plot of land with a total building area of 182.52m². Constructed in May 1981, this reinforced concrete (RC) structure is situated along Pipeline Street, directly opposite a Lawson convenience store, and offers excellent access to National Routes 330 and 58.

The building is currently configured with commercial and residential units. The first floor is tenanted, the second floor is a residence (with the occupant scheduled to vacate after a contract is signed), and the third floor is also tenanted. The property includes two parking spaces. It is located in an urbanization promotion area zoned for Category II Residential use, with a building-to-land ratio of 60% and a floor area ratio of 200%.

Critical agent notes provide essential information for potential buyers. There is an unregistered portion of approximately 26.55m² on the first floor. Furthermore, approximately 110.09m² on the third floor is also unregistered, though registration is planned. It is noted that there was no building confirmation for the extension/expansion work. All registration fees and ownership transfer costs will be the buyer's responsibility. The brokerage commission is calculated as (sale price × 3% + 60,000 yen) plus consumption tax.

The area of Urasoe City is a vibrant residential and commercial hub on Okinawa's main island. An interesting historical fact is that Urasoe was once the capital of the Ryukyu Kingdom before it moved to Shuri. The property is conveniently located, with the closest major landmark being the iconic Okinawa Prefectural Peace Memorial Museum in nearby Itoman, a profound site dedicated to the history of the Battle of Okinawa and the promotion of peace.