Investment Opportunity: Ground-Floor Shop Unit in Okinawa City
This property presents a compelling investment opportunity as a ground-floor shop unit within a condominium building in Okinawa City's Awase district. Currently under a long-term lease, this commercial space offers immediate rental income and a stable tenant. The unit is located on the first floor of an 8-story building constructed in December 1993, featuring a reinforced concrete (RC) structure for durability.
According to the agent's special notes, the property boasts an estimated annual rental income of 1,056,000 yen, yielding a surface return of 7%. The unit is part of a building with a management association. Monthly fees include a management fee of 5,500 yen and a repair reserve fund of 11,950 yen. Dedicated parking is available for 8,000 yen per month. The fixed asset tax for Reiwa 6 (2024) is 34,258 yen. The property is equipped with electricity, water supply, sewerage, propane gas, and air conditioning.
The shop has a total floor area of 46.89 square meters (approximately 14.18 tsubo) and benefits from the potential for two dedicated parking spaces. Its location near an elementary school makes it well-suited for businesses such as a cram school or other educational services. The Awase San-chome bus stop is about a 5-minute walk away, providing public transport access.
The Awase area of Okinawa City offers a vibrant local community with convenient access to urban amenities. A notable nearby landmark is the Okinawa Comprehensive Athletic Park, a large sports complex that hosts various events and is a hub for local recreation. The property's position provides a balance of residential convenience and commercial potential in a growing part of the island.
