Investment Opportunity in Naha's Gushikawa District: Apartment Building with Solar Income

This commercial property listing presents a concrete-reinforced (RC) apartment building located in the Gushikawa 5-chome area of Naha City, Okinawa Prefecture. The building, constructed in May 2016, sits on a land area of 277.11 square meters and is designed with a 1DK layout. The first floor is dedicated to parking, providing practical utility. According to the agent's special notes, the property generates an annual income of approximately ¥11,660,000, with an additional annual income of about ¥400,000 from solar power sales. The fixed asset tax for the 7th year of Reiwa (2025) is noted, with specific amounts for land and building provided in the original documentation.

The area of Gushikawa in Naha is a dynamic residential and commercial district. An interesting local fact is its proximity to the historic Gushikawa Castle site, a Ryukyuan *gusuku* (castle) ruin that offers a glimpse into Okinawa's pre-modern kingdom era. The property is conveniently located, with the Okinawa Urban Monorail's Onoyama Park Station approximately a 16-minute walk away, providing easy access to central Naha and the airport.

This investment property is positioned in a designated urbanization area within a Category II Residential/Neighborhood Commercial zone, with a building-to-land ratio of 60% and a floor area ratio of 200%. The immediate sale price is set at ¥450,000,000. The listing confirms separate bath and toilet facilities, air conditioning, and an elevator, making it suitable for individual tenants.