Commercial Land Opportunity in Okinawa City's Koya District
This prime commercial land parcel, located in the bustling Koya 1-chome district of Okinawa City, presents a significant investment and development opportunity. The property spans a generous 304.24 square meters (approximately 92.03 tsubo) and is designated for commercial use within a commercial zoning area. A key feature is its planned road frontage: the northwest side is slated to front the proposed '(Provisional) Koya 8-gō Line' urban planning road, enhancing future access and visibility.
Currently, the land is utilized as a paid parking lot, generating a steady monthly income of 96,000 yen. This existing cash flow provides immediate returns while planning for future development. The land is classified as residential land (宅地) and benefits from favorable building regulations with a high floor area ratio of 400% and a building coverage ratio of 80%. The property fronts two roads: a 7.5-meter road to the south and a 5-meter road to the northwest, and it is a corner lot, offering multiple access points. There are no private road burdens, and the land rights are full ownership.