Investment-Grade Office Space in Okinawa City's Awase District
This commercial property presents a prime investment opportunity in the bustling Awase district of Okinawa City. Priced at 16.8 million yen, this first-floor office unit is situated along the prominent Awase Oh-dori (Awase Main Street), featuring a bright, south-facing facade. The property has been consistently tenanted by a tutoring school ("juku") since 2002, providing a stable and reliable income stream. The estimated annual gross income is 1,056,000 yen (tax inclusive), translating to a surface yield of approximately 6.28%.
The unit is part of an 8-story reinforced concrete (RC) building constructed in December 1993. It offers a functional floor area of 46.89 square meters (approximately 14.18 tsubo) and includes two dedicated parking spaces (subject to vehicle type). The location is highly accessible, with the "Awase 3-chome" bus stop just a 5-minute walk away.
The Awase area is a dynamic commercial and residential zone in Okinawa City. An interesting local fact is that the nearby coastline has been part of extensive land reclamation and development projects, transforming the area over recent decades. The property is conveniently located within driving distance of major Okinawan attractions, most notably the Okinawa Comprehensive Athletic Park, a vast public sports complex that hosts major events and is a hub for local recreation.
