Investment Opportunity: Shop-Apartment Building in Urasoe, Okinawa
This property is a shop-attached apartment building located in Urasoe City's Taira 1-chome district. The building is situated on a corner lot within a land readjustment area, making it a prime investment opportunity. It comprises a total of 15 rooms, with a mix of layouts: 3 shop units, 6 one-room apartments, and 6 2DK apartments. The building is pet-free.
Constructed in September 1991 (34 years old), the structure is a reinforced concrete (RC) build with a total floor area of 715.73 square meters (approximately 216.51 tsubo). The land area is 372.71 square meters (112.74 tsubo) and is designated as residential land within an urbanization promotion area and a Category I Mid/High-Rise Residential Zone. The building coverage ratio is 60% with a floor area ratio of 150%. The property fronts roads to the north (8m wide) and east (6m wide). The transaction is an agency-mediated sale.
This is a compelling revenue-generating asset. According to the agent's notes, the combined annual rental income and solar power generation revenue is estimated to be approximately 8 million yen per year. The asking price is 138 million yen.