Shop-Apartment Building with Established Rental Income in Okinawa City
This property is a three-story shop-apartment building located in Okinawa City, offering a unique investment opportunity with existing tenants providing stable rental income. The building features a total floor area of 346.5 square meters on a land plot of 308.61 square meters. Constructed in April 1998 with reinforced concrete block (RCB) structure, it is designed as one household per floor.
Critical agent notes provide essential details. The property includes parking for 6 vehicles. The land consists of three separate parcels, with a portion classified as forest land (14 square meters). The floor breakdown is as follows: The 2nd floor, currently rented for 92,000 yen per month, is a 3LDK layout. The 3rd floor, currently rented for 100,000 yen per month, is a 2LDK layout. Additionally, there is a leased portion of a local road (managed by Okinawa City) under a one-year renewable land lease agreement, covering approximately 46 square meters with an annual lease fee of 21,000 yen.
The building is situated in the Yamaguchi 1-chome district, a short 6-minute walk from the Momoyama bus stop. The area is characterized by its residential-commercial mix under the city's Quasi-Residential / Type 1 Medium-High Rise zoning. A notable landmark in the vicinity is the Okinawa Arena (also known as Okinawa Cellular Stadium Naha), a major multi-purpose sports and event venue, highlighting the area's growing infrastructure and appeal.
