Prime Commercial Investment Opportunity in Okinawa's Ginowan City

This commercial property presents a significant investment opportunity in the bustling Ginowan City, Okinawa. The listing is for a tenant building with a substantial land area of 770.43 square meters (approximately 233.06 tsubo) and a large building area of 1,460.5 square meters (441.8 tsubo). The property is priced at 180,000,000 JPY and offers an impressive annual rental income of 11,400,000 JPY, yielding a strong capitalization rate of 6.3%.

The building is a reinforced concrete (RC) structure built in February 1991, making it 35 years old. It is situated on a plot zoned as residential land within a city planning area, designated as a quasi-commercial and first-class low-rise residential zone. The property boasts a high building coverage ratio of 80% and a floor area ratio of 200%. A key feature is its prime location along a prefectural road, featuring a parking lot with space for approximately 25 vehicles. The agent notes highlight that the property has been successfully operated at full occupancy for a long period, indicating stable and reliable tenant income. The transaction type is exclusive dedicated agency, and there is no private road burden. The property is ready for immediate handover.

Ginowan City is a central municipality on Okinawa's main island, known for its mix of residential, commercial, and cultural facilities. An interesting fact about the area is that it is home to the Okinawa Convention Center, a major venue for international events and exhibitions, highlighting the city's growing role as a business and cultural hub. The closest major landmark is the iconic Seifa Utaki, a sacred site and UNESCO World Heritage location, though it is situated further south. For a more local attraction, residents and visitors often enjoy the scenic views and recreational activities at Ginowan Seaside Park and the nearby Marine Culture Center.