Investment-Grade Mixed-Use Building in Naha's Prime Location

This is a substantial mixed-use building located in Naha's Maeshima district, offering a compelling investment opportunity with a strong annual yield. The property is a three-story reinforced concrete (RC) structure built in October 1967, featuring a versatile layout. It comprises two shop spaces on the ground floor, three one-room residential units on the second floor, and a single, spacious 25-tsubo (approximately 82.6 sqm) residential unit on the third floor.

Critical agent notes have been translated and provide essential details. The property's facilities include a public water supply, sewerage system, and LP gas. The investment metrics are highly attractive, with a calculated yield of 6.18% and an estimated annual rental income of 4,008,000 yen. The building has undergone significant updates, including partial interior renovations in April 2017 (Heisei 29) and exterior wall work completed in November 2023 (Reiwa 5). The current status is tenanted, providing immediate income.

Situated in a commercial zone within the urbanization promotion area, the building benefits from excellent accessibility. It is approximately a 7-minute walk from the Monorail's Miebashi Station, connecting residents and customers to central Naha. The land area is 117.65 sqm with a building footprint of 251.08 sqm, operating under an 80% building coverage and 400% floor area ratio.

The surrounding Maeshima and Tomari area is a historically significant port district of Naha. An interesting local fact is that the nearby Tomari Port was once the main gateway for trade with China and Southeast Asia during the Ryukyu Kingdom era, shaping the unique cultural blend of Okinawa. The closest major landmark is the vibrant Kokusai Dori (International Street), Naha's main tourist thoroughfare, which is a short monorail ride or drive away, offering endless shopping, dining, and entertainment.