Prime Investment Opportunity in Naha City Center
This recently constructed, four-story reinforced concrete building in Naha's Tsuji district presents a significant price reduction and a compelling high-yield investment. Originally listed at 120 million yen, the price has been revised to 108 million yen. The property is fully occupied and currently generates a projected annual income of 6.72 million yen, offering an estimated yield of 6.22%.
The property's current layout is highly functional: the first floor provides parking for seven vehicles. The second and third floors each contain two 1K units (four total), each a spacious 37.44 square meters, which is larger than the typical 20-square-meter studio, making them suitable for singles, couples, or short-term stays. The fourth floor features a large 5LDK residential unit spanning 113.22 square meters. The rooftop is a versatile space that can be used for a home garden, barbecues, or even golf practice.
Facilities and equipment include an auto-lock security system, separate bath and toilet, independent washbasin area, indoor washing machine space, an elevator, a locked garbage bin within the premises, balconies, a rooftop activated water system, and an automatic door lock system with activated water for all units.
The building's versatility is a major asset. It is suitable for full-building rental, minpaku (private lodging), share houses, or office use, allowing for diverse, high-return operational strategies. Located in a commercial zone with a 400% floor area ratio, the property offers flexibility for future rebuilding or changes in use. It is situated in the heart of Naha, where tourism, dining, and commercial facilities are concentrated, ensuring high demand for accommodation and short-term rentals. An application for a 365-day-a-year inn business license is possible.
The area is a bustling hub of Naha. An interesting historical fact is that the nearby Tsuji district was once part of Naha's famed entertainment and red-light district in the post-war era, which has since transformed into a vibrant commercial area. The property is just a 10-minute walk from Asahibashi Station on the Okinawa Urban Monorail (Yui Rail) and a 10-minute drive from Naha Airport, providing excellent access. The closest major landmark is the vibrant Kokusai Dori (International Street), Naha's main tourist thoroughfare known for its shops, restaurants, and lively atmosphere.
