Mixed-Use Investment Building in Itoman's Popular Nishizaki Area
This commercial building presents a unique investment opportunity, allowing you to become an owner of an income-generating property with the same ease as purchasing a condominium unit or a house. In a market where second-hand properties are soaring in price, this building offers a way to consider your own residence alongside monthly rental income for loan repayment and profit. The residential units are spacious, with one room per floor offering approximately 50㎡ of generous living space. The first floor is currently vacant and actively seeking tenants for retail shops or offices. As the building's owner, using the first floor for your own residence, shop, or office is a possibility open for discussion at this time. The property is sold in its current condition.
Located in the popular Nishizaki 2-chome area of Itoman City, the building enjoys a favorable living environment with views of a river and greenbelt to the east. Essential amenities including home centers, supermarkets, popular cafes, banks, and post offices are all within walking distance. Please note that interior photographs of the residential spaces were taken prior to occupancy, and the current condition takes precedence. All listed information is subject to the current state of the property. Important viewings notes: the second floor is occupied by a rental tenant and cannot be viewed internally. However, viewings for purchase purposes are possible for the currently vacant first and third floors (as of November 2025).
The building itself is a reinforced concrete (RC) structure built in January 1985, featuring a total floor area of 168.86m² on a 103.26m² corner plot of land directly in front of Nishizaki Elementary School. Recent significant renovations include exterior wall painting and rooftop waterproofing work completed in May 2025, and the land survey has been finalized. The property is situated within an urbanization promotion area zoned for First Category Medium-to-High Rise Residential use.
The surrounding area of Itoman is rich in history and natural beauty. An interesting local fact is that Itoman is traditionally known for its strong community of fishermen, with a unique culture and dialect. The city is also conveniently located not far from some of Okinawa's most famous coastal scenery. The closest major landmark is the iconic Peace Memorial Park in Itoman, a solemn and beautifully maintained national park dedicated to the lives lost in the Battle of Okinawa, offering panoramic ocean views and reflective gardens.
