Fully Occupied Income Property in Itoman, Okinawa

This reinforced concrete building located in Nishizaki, Itoman City, Okinawa Prefecture, is being offered for sale by the current owner. The property was originally purchased as an investment and underwent exterior wall painting and rooftop waterproofing in May 2025. The building comprises three floors, with a restaurant on the first floor and residential units on the second and third floors, all currently tenanted and generating a total monthly rent of 257,000 yen. This yields an approximate 8.5% return, which is considered a high yield level within Okinawa. The owner had planned to use this as a source of retirement income but, after family discussions, decided to proceed with asset consolidation and put the property on the market.

The property sits on a corner lot directly in front of an elementary school, offering good visibility and a safe environment. Daily amenities such as a home center, post office, a major Okinawan bank, a large supermarket, cafes, and restaurants are all within walking distance. This property is considered accessible for both first-time and multiple-property owners. The owner is not in a particular rush to sell but wishes to pass the property on to a suitable buyer. While significant price reductions are not possible, negotiations regarding the purchase are welcome.

The second-floor residential unit operates under a standard tenancy agreement with automatic renewal, while the first-floor shop and third-floor residential unit are on fixed-term leases. The tenants have good profiles and have been approved by a rent guarantee company. The exterior painting and waterproofing work have been completed with a contractor warranty, and the building is in clean condition. The building was constructed in 1985. Building confirmation and completion inspection have been completed. The land area is 103.26 square meters, and the total floor area is 168.86 square meters. The property is being sold as-is and based on the public register.