Investment Opportunity with Existing Income in Nago City Center

This commercial property in Nago City, Okinawa, presents a compelling investment opportunity with immediate rental income and potential for hospitality operations. The building is a reinforced concrete (RC) structure built in May 1977, with a total floor area of 290.45m² on a 143.3m² plot of land. It is situated in a commercial zone within the urbanization promotion area, offering high flexibility for usage.

Critical agent notes provide essential details for investors. Currently, the first-floor tenant is rented out, generating a monthly income of 90,000 yen. The second floor consists of three rooms and has already obtained a license for the lodging business (ryokan/inn operation), allowing the new owner to immediately enter the hospitality sector. While there is no on-site parking, two spaces are available at a nearby rental parking lot. A noteworthy feature is an existing bridgeway (passage) connecting to the neighboring building; however, it is currently not passable. Crucially, an agreement is already in place to sever and rebuild this connection if either building is redeveloped in the future. The property has undergone significant maintenance, including exterior wall painting, waterproofing, and partial renovation work in July 2016 (Heisei 28).