Mixed-Use Building with Retail and Minpaku Operations in Tokyo's Bunkyo Ward

This mixed-use building, located in the historic and culturally rich Bunkyo Ward of Tokyo, presents a significant investment opportunity. The property is a six-story above-ground, one-story below-ground reinforced concrete (RC) structure built in February 1977. It offers a total floor area of approximately 454.96 square meters (about 137.62 tsubo) on a land plot of 119.47 square meters (about 36.13 tsubo). The building is situated in a Commercial Neighborhood zone with a floor area ratio of 400% and a building coverage ratio of 80%.

Critical agent notes provide essential operational details: The first and second floors are currently leased to retail tenants. Meanwhile, the basement level (B1) and floors three through five are actively operated for minpaku (private lodging/Airbnb-style) use. A comprehensive renovation history from 2020 details the full remodeling of these minpaku floors: B1 floor was fully remodeled into two 1DK units; the 3rd floor was fully remodeled into two 1DK units; the 4th floor was fully remodeled into one 2DK unit; and the 5th floor was fully remodeled into two 1DK units. The renovations also included fire safety construction and drainage pump work.

The location is exceptionally convenient, just a 2-minute walk from the Tokyo Metro Chiyoda Line's Sendagi Station. It is also within a 10-minute walk from Hon-komagome Station on the Namboku Line and a 13-minute walk from the JR Yamanote Line's Nippori Station. The area is known for its traditional atmosphere, proximity to the famous Ueno Park and its museums, and the historic Yanaka district with its old temples and cemeteries. A notable nearby landmark is the Nezu Shrine, renowned for its beautiful tunnel of vibrant red torii gates, which is a major tourist attraction and a serene escape from the city bustle.