Commercial Building with High-Yield Minpaku Business in Naha, Okinawa

This commercial building, located in the bustling Maejima 2-chome district of Naha City, presents a compelling investment opportunity with a current estimated gross yield of 15.8%. The property is situated just an 8-minute walk from the Monorail's Miebashi Station and 100 meters from National Route 58, offering excellent accessibility. The building spans four stories with a total floor area of 70.13m² on a 99.52m² plot of land in a commercial zone, allowing for a variety of uses including minpaku (private lodging). Parking is available for up to three vehicles.

According to the agent's special notes, the building is currently configured with an office on the first floor, a minpaku facility on the second floor, and residential units on the third and fourth floors. Critically, all tenants are scheduled to vacate by December, presenting a vacant possession opportunity. The highly profitable minpaku business on the second floor is available for takeover, with the agent noting it is "highly operational." This setup allows a new owner to immediately benefit from an existing income stream while having the flexibility to reconfigure the other floors. The building, constructed in June 1985 with a reinforced concrete (RC) structure, is in a prime commercial area with high foot traffic and tourism demand.

The surrounding Naha area is the vibrant capital of Okinawa Prefecture, rich in history and culture. An interesting local fact is that Naha was once the capital of the independent Ryukyu Kingdom, which flourished for centuries through trade across East and Southeast Asia. The property is conveniently located near a major tourist attraction: the iconic Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu Kingdom, which is approximately a 15-minute drive away and offers breathtaking views of the city.