Prime Development Land in Popular Shinagawa Area of Ishigaki City
This substantial plot of land, spanning approximately 1,185 square meters (358.46 tsubo), is located in the sought-after Shinagawa district of Ishigaki City, Okinawa. The property is currently utilized as a parking lot and storage area for materials. It boasts a wide frontage road and offers excellent access to the city center, making it a highly versatile investment opportunity. The land boundaries have already been officially determined, facilitating a smoother transaction process.
The site is classified as "Zasshuchi" (miscellaneous land) and is not subject to specific urban planning zone regulations, providing flexibility for various development plans. The building-to-land ratio is 60% with a floor area ratio of 150%. The property is offered for sale at a price of 118,500,000 JPY through an agency arrangement.
The Shinagawa area is a well-established and popular residential and commercial district within Ishigaki City. Ishigaki Island itself is the transportation and tourism hub of the Yaeyama Islands, renowned for its stunning coral reefs, white-sand beaches like Kabira Bay, and vibrant marine life. A major landmark and significant tourist attraction just a short distance away is the iconic Ishigaki Yaima Village, a cultural theme park that offers immersive experiences in traditional Ryukyuan architecture, crafts, and performing arts, providing a deep dive into the unique heritage of the region.