Investment Opportunity in Naha's Thriving Tsuji District

This commercial apartment building presents a significant investment opportunity in the heart of Naha, Okinawa. Priced at ¥245,000,000, the property offers a substantial building area of 750.01 m² spread across multiple storeys, situated on a 215.2 m² plot of land. Constructed in January 1991 as a reinforced concrete (RC) structure, it is located within a designated urbanization area with a high building coverage and floor area ratio.

The property's layout is configured for maximum revenue, comprising a total of 24 units: 21 studio apartments (1R), one 1LDK apartment, and two commercial spaces for shops or offices on the second and third floors. It is equipped with essential utilities and modern amenities, including water and sewer systems, propane gas, an elevator (EV), and internet connectivity. For convenience, the building provides covered parking for six vehicles and a covered bicycle parking area.

Critical agent notes have been translated and incorporated. The annual fixed asset tax for the 2025 fiscal year is ¥713,395. The agent strongly recommends this area for its dual development in business and tourism. Tsuji, Naha City, is close to Okinawa's bustling Matsuyama district, making it popular with both tourists and the local business community. The area features numerous restaurants and lodging facilities, leading to high demand for investment real estate. Furthermore, access from Naha Airport is excellent, offering a location that combines urban functionality with tourist appeal. The property has high potential as an income-generating asset, and its location in central Naha alone ensures substantial asset value. With full occupancy, the projected annual income is ¥15,552,000, yielding a surface yield of 6.34%.