Commercial Investment Opportunity: Otobata Building in Tachikawa, Tokyo
Presenting the Otobata Building, a commercial investment property located in the bustling district of Tachikawa, Tokyo. This building, constructed in August 1978, is a steel-framed structure with a total floor area of 300.90 sqm (approximately 91.02 tsubo) spread over two stories. It contains six units and is currently fully tenanted, offering an immediate income stream for an investor. The property sits on a land parcel of 205.13 sqm (approximately 62.05 tsubo), which is a corner lot with advantageous road frontage. The special notes detail the access situation: it is a corner lot with a 20-meter wide public road to the northeast and a 6-meter wide public road to the northwest.
Key financial highlights are provided in the agent's remarks. The property offers a projected annual net yield of 2.65%, with an estimated annual rental income of 10.61 million yen. This presents a solid commercial investment in a prime Tokyo location. The building includes parking facilities, available for 40,000 yen, adding to its tenant appeal. The land is zoned for commercial use within an urbanization promotion area, with a building coverage ratio of 80% and a floor area ratio of 400%, indicating potential for redevelopment or expansion subject to necessary approvals.
The property is situated in Tachikawa's Nishi-cho 1-chome, a highly accessible area. It is within a 7-minute walk from both the JR Chuo Line's Tachikawa Station and the JR Nambu Line's Nishi-Kokubunji Station, and a 10-minute walk from the Tama Monorail's Tachikawa-minami Station. This multi-line access provides excellent connectivity to central Tokyo and the wider Kanto region. Tachikawa itself is a major commercial hub in western Tokyo, known for its large retail complexes and government offices. An interesting local landmark is the Showa Kinen Park, a vast national park built on the former site of a U.S. air base, offering expansive gardens, cycling paths, and seasonal flower festivals, making the area attractive for both business and leisure.
