Investment Opportunity in Naha's Prime Kume District
This three-story tenant building, located in the popular Kume district of Naha City, Okinawa, presents a compelling investment opportunity with immediate rental income and future potential. The property boasts a total floor area of 183.1 square meters on a 122.85 square meter plot. Constructed in January 1974 (52 years old), it features a reinforced concrete block (RCB) structure and is situated in a First Category Residential zone within the urbanization promotion area.
Critical agent notes provide essential details on the current tenancy and condition. The first floor is currently leased to a tenant, generating a monthly rental income of 135,000 yen. The second floor is vacant, with an estimated potential rent of 120,000 yen per month, though repairs will be required before leasing. Similarly, the third floor is also vacant, with an estimated potential rent of 140,000 yen per month, also requiring repairs prior to lease. It is important to note that this property is sold subject to existing lease agreements.
The location is a major asset, being just a 5-minute walk from the Kencho-mae Station on the Yui Rail monorail, offering excellent access to Naha's public transportation network. The Kume area is a historic and central part of Naha, known for its blend of traditional charm and urban convenience. An interesting local fact is that the nearby Kume district is one of the oldest residential areas in Naha, historically home to scholars and officials during the Ryukyu Kingdom era. The closest major landmark is the vibrant Kokusai Dori (International Street), a famous tourist destination filled with shops, restaurants, and cultural experiences, just a short distance away.
