Entire Apartment Building for Sale in Naha's Yamashita-cho
This is a rare opportunity to purchase an entire apartment building in the sought-after Yamashita-cho district of Naha City, Okinawa. The property, currently fully vacant, offers a total land area of 247 square meters (approximately 74.71 tsubo) with a building area of 194.04 square meters (58.69 tsubo). Constructed in September 1973 with a robust reinforced concrete block (RCB) structure, this multi-unit building presents a significant investment or development prospect in a prime urban location.
Critical agent notes have been translated for full transparency. The property's special remarks include: Neighborhood Information: Town Plaza Kanehide Tsubogawa Store (23-minute walk, approx. 1700m), SAN-A V21 Food Hall Kyohara Store (20-minute walk, approx. 1500m), FamilyMart Onoyama Store (13-minute walk, approx. 950m). School District: Kakihana Elementary School (5-minute walk, approx. 400m), Kagamihara Junior High School (21-minute walk, approx. 1500m). The property will be delivered in its current condition, and it is noted that only the parking lot is currently under a rental contract.
The location boasts excellent accessibility, being just a 12-minute walk from the Okinawa Urban Monorail (Yui Rail) Onoyama Park Station and a 4-minute walk from the City Line Gunzembashi-mae bus stop. The area is zoned as a Category I Mid-to-High-Rise Residential District within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%.
The Yamashita-cho area provides a blend of residential calm and urban convenience. A notable nearby landmark is the Onoyama Park, a large sports complex and parkland that hosted events for the National Sports Festival. The area is also within reasonable distance to Naha's vibrant city center, offering a balanced lifestyle. The property is listed for 60,750,000 JPY, and the listing agent, House Terra Okinawa, offers consultation with partner banks for financing. They also assist in searching for other properties in the vicinity.
