Commercial Investment Opportunity in Kitakyushu's Moji Ward
This commercial property, a shop building located at 5-23 Otorihara-cho, Moji-ku, Kitakyushu City, Fukuoka Prefecture, presents a significant investment opportunity. The building, constructed in January 1963, is a two-story wooden structure with a total floor area of 40.38 sqm (approx. 12.21 tsubo). It is situated on a corner lot with detailed road frontage: a 5.9m wide public road to the northwest with a 36.4m frontage, and a 6.4m wide public road to the southwest with a 4.4m frontage. The land is registered as 167.46 sqm (approx. 50.65 tsubo), though a critical note advises that the official registered area may differ significantly from the actual measured area, and the taxable area of 124.83 sqm is considered closer to the accurate size.
The property is currently tenanted, offering an owner-change scenario with a projected annual yield of 7.38% based on anticipated annual income of 900,000 yen. It is crucial to note the agent's explicit remarks: "The annual projected rental income and yield are assumed figures and do not guarantee income. Please be advised in advance." The building is located within a neighborhood commercial zone in an urbanization area, with a floor-area ratio of 80% and a building coverage ratio of 300%. Parking is available.
The area of Moji Ward is rich in historical port culture. A major nearby landmark is the Moji Port Retro district, a popular tourist area known for its well-preserved early 20th-century Western-style buildings, museums, and scenic waterfront views. The property itself is within an 8-minute walk from both Moji Station on the Kagoshima Main Line and the Sanyo Main Line, providing excellent access.
