Commercial Building in Otaru, Hokkaido – Investment Opportunity
This three-story reinforced concrete building is located in the Nishikicho area of Otaru City, Hokkaido. The property sits on a corner lot and offers a total floor area of 734.97 square meters on a land size of 631.26 square meters. The building was constructed in October 1970 and is currently vacant, being sold in its present condition. The seller will not perform any repairs, renovations, or improvements to the building or its fixtures, and the land is also being transferred in its current state without any site preparation, grading, or tree clearing. The property boundaries are not clearly indicated, so a physical site confirmation is strongly recommended.
The building features an elevator, dedicated toilets, two separate toilet locations, and storage space. Parking is available for three vehicles. The site is zoned for a commercial district, with a building coverage ratio of 80% and a floor area ratio of 200%. The land has a slope and is situated on a corner lot, facing southeast onto a 7.2-meter-wide public road with a frontage of 32.9 meters, and southwest onto a 9-meter-wide public road with a frontage of 25.3 meters. The property is located in a city planning area. The annual fixed asset tax for 2025 is 452,700 yen. The reason for sale is asset disposal. The transaction is subject to a disclaimer regarding contractual non-conformity liability. Access to the property is via a bus from JR Hakodate Main Line's "Otaru" Station (8-minute bus ride) followed by a 2-minute walk from the Chuo Bus "Nishikicho" stop. The nearest elementary school is Temiya Chuo Elementary School (800m away) and the nearest junior high school is Hokuryo Junior High School (1000m away).
