Spacious Multi-Family Apartment Building with Solar Income in Okinawa City
This unique property is a three-story, multi-family apartment building located on a convenient corner plot near the ring road in Okinawa City's Yamauchi 1-chome. The building offers a total floor area of approximately 346.5 square meters (104.81 tsubo) on a land area of 308.61 square meters (93.35 tsubo). The structure is a reinforced concrete block (RCB) construction built in April 1998, now 27 years old. It is situated on a corner lot, which qualifies it for a 10% floor area ratio relaxation.
Critical agent notes provide detailed specifications. The property includes a solar power generation system with a proven annual sales record of approximately 550,000 yen. The feed-in tariff contract for this solar income is valid until September 2034. The land consists of three separate parcels, with a portion classified as forest land (14 sqm). A detailed floor breakdown reveals its current use: The 1st floor features a 2LDK layout (approx. 95.76 sqm / 28.96 tsubo, including an extension of about 30.96 sqm / 9.36 tsubo) plus a shop space (approx. 38.88 sqm / 11.76 tsubo). The 2nd floor, currently rented for 92,000 yen per month, is a 3LDK (108.87 sqm / 32.9 tsubo) with a 16.2-jo LDK, a 23.5-jo Western-style room, a 6-jo Western-style room, and a 6-jo Japanese-style room. The 3rd floor, currently rented for 100,000 yen per month, is a 2LDK (123.31 sqm / 37.3 tsubo) with a 23.3-tsubo Living room plus a 14.4-jo DK, a 14-jo Western-style room, and a 9.8-jo Western-style room. Furthermore, there is a leased portion of a local road (managed by Okinawa City) under a one-year renewable lease agreement, covering about 46 sqm with an annual lease fee of 21,000 yen.
The area offers excellent convenience, being close to a major ring road, highway interchanges, and supermarkets. The property is positioned in a district with potential for further development, historically near a former juvenile detention facility. Each floor can accommodate parking for two vehicles, depending on the car type. With the first-floor tenant scheduled to move out, the space presents an opportunity for combined residential and commercial use.
Okinawa City is a vibrant urban center in central Okinawa, known for its mix of American and traditional Ryukyuan culture due to the presence of Kadena Air Base. An interesting local fact is that the city hosts the annual Okinawa City Carnival, one of the largest street festivals in the prefecture, featuring parades and Eisa drumming performances. The closest major tourist attraction is the Okinawa Zoo & Museum (Okinawa Kodomo no Kuni), a family-friendly destination with animal exhibits, a museum, and expansive parklands, located just a short drive away.
