Back to results 5-Unit Commercial Apartment Building for Sale in Miyakojima, Okinawa

Needs Verification

This listing hasn't been verified recently. Tap to request a priority check!

Know someone who would love this? Gift them a subscription

¥74,800,000

Shimozato, Taira, Miyakojima City, Okinawa Prefecture

沖縄県宮古島市平良字下里

Sign in to save properties

Buy Seaside Property Business Apartment Ocean View Waterfront Beach Access

Unlock the full description with a free trial

Includes AI translation, hazard data, cost estimates & nearby amenities

3 days free · cancel anytime

Start Free Trial

Commercial Apartment Building Investment Opportunity in Miyakojima, Okinawa

This listing presents a commercial apartment building investment located in the scenic Miyakojima City, Okinawa Prefecture. The property is a 5-unit apartment building constructed in February 1983. The total building area is a substantial 312.30 square meters (approximately 94.47 tsubo), situated on a land plot of 280.00 square meters (approximately 84.70 tsubo). The structure is a two-story building of non-standard construction.

Key features and agent notes include that the property is currently tenanted, providing immediate rental income. The land rights are ownership (所有権), and the transaction method is exclusive agency (専任媒介). The property is conveniently located just a 2-minute walk from the Painagama Beach bus stop, offering easy access to local transportation. The land is noted to have a sloping terrain (傾斜地).

The area of Miyakojima is renowned for its stunning white-sand beaches and crystal-clear waters, making it a premier destination for diving and snorkeling enthusiasts. An interesting fact is that Miyakojima is home to some of Japan's most beautiful and extensive coral reefs, which are part of the larger Ryukyu Islands reef system. The closest major tourist attraction is the famous Painagama Beach, known for its long stretch of pristine sand and excellent swimming conditions, located just moments from the property's bus stop.

This description was AI-generated from the original Japanese listing and may contain inaccuracies. Please verify details with the source listing.

Summary

Parking: 1
Year built: 1983
Land size: 280 / 3,014sqft
House size: 312 / 3,362sqft

Short-Term Rental (Minpaku)

Transport

OKA

Naha Airport — 284 km away

Nearby Konbini

Family Mart Family Mart — 17 min walk

Internet Connectivity

Natural Hazard Assessment

Flood Risk Low Risk
Landslide Risk Moderate
Tsunami Risk Low Risk
Earthquake Hazard Moderate

Unlock hazard data with a free trial

Flood, landslide, tsunami & earthquake risk for this property

3 days free · cancel anytime

Start Free Trial

Purchase Cost & Tax Estimates

Agent fees, acquisition tax, registration costs & annual property tax

Airbnb Revenue Estimate

Projected nightly rate, occupancy & net income for this property

Investment ROI

Annual yield, break-even timeline & 10-year return projection

Map & Street View

Map loading...

Location Accuracy Notice: Although we try to make the map accurate with coordinates or address details provided, the location data is provided by the agent. This map data should be used as reference for the surrounding area foremost.

Location Type Beds Price Land House View

* Sold properties shown for price comparison only. Prices reflect historical sale data.

Location Type Beds Rent/Month Land House View

* Rental prices shown are monthly rates. Contact property owner for current availability.