Commercial Building Investment Opportunity in Naha's Kumemachi District
This commercial building presents a significant investment opportunity in the heart of Naha, Okinawa. The property is a three-story, reinforced concrete block (RCB) structure built in October 1962, offering a total floor area of 436.8 square meters (132.13 tsubo) on a corner plot of 280 square meters (84.7 tsubo). The building is currently configured with eight total units: two shop spaces on the first floor, four snack bar (small restaurant/bar) spaces on the second floor, and two residential units on the third floor. Notably, four of these eight units are currently tenanted, providing immediate rental income. The property is offered for sale at a price of 140 million yen.
Key equipment and facilities include city gas. Important notes from the agent specify the fixed asset tax for the 2025 fiscal year (Reiwa 7) is 343,629 yen. The surrounding environment is highly accessible: Naha Commercial High School is a 3-minute walk away, Amagi Elementary School is a 4-minute walk, the Kencho-mae Station monorail stop is a 7-minute walk, and the Ryubo Department Store is a 9-minute walk. The agent, Life Corporation, emphasizes their comprehensive service covering real estate sales, planning proposals, construction, leasing, and management, supported by extensive experience and localized information to properly support clients in selling or purchasing property. Their management philosophy is to serve people with sincerity, responsibility, and contribution.
The Kumemachi area is a historic and central part of Naha, known for its blend of traditional markets and modern commerce. An interesting local fact is that the nearby Tomari Port area was once a vital hub for trade with China and Southeast Asia during the Ryukyu Kingdom era. The closest major tourist attraction is the vibrant Kokusai Dori (International Street), a bustling avenue filled with shops, restaurants, and entertainment, located just a short distance from the property and easily accessible from Kencho-mae Station.
