Commercial Building in Ito City, Shizuoka
This reinforced concrete building, known as the Fujiriki Building, is located in Chuo-cho, Ito City, Shizuoka Prefecture. The property offers a total floor area of 652.82 square meters across four levels, including a basement and three floors above ground. The building sits on a 254.53 square meter plot of land with ownership rights. Constructed in January 1990, the structure faces south and is situated on flat terrain. The property is zoned for commercial use with a building coverage ratio of 80% and a floor area ratio of 400%.
The building contains seven units in total: five shop spaces and two residential rooms. It is currently occupied and generating rental income. The gross yield is calculated at 10.51%, with an annual income of 7,881,600 yen and a monthly income of 656,800 yen. The property is also noted as potentially suitable for minpaku (private lodging) operations. It is important to note that there is a history of flooding in the basement shop area in 2021.
Utilities include public water supply, city gas, and a sewer system. Parking is available at a nearby paid lot. The building is located within an 8-minute walk or a 4-minute drive from JR Ito Station, providing convenient access to public transportation. The area benefits from high foot traffic and is well-positioned to capture both commercial and tourist demand.
