Large Commercial Land Plot in Okinawa City's Teruya District

This listing presents a substantial commercial land plot located at 1-chome, Teruya, Okinawa City, Okinawa Prefecture. The property spans a generous 1357.3 square meters (approximately 410.58 tsubo) and is situated along a major thoroughfare within a designated commercial zone. The asking price is set at 205,300,000 yen, translating to a competitive price per tsubo of 500,000 yen.

According to the agent's special notes, this area is a commercial district suitable for constructing one's own company building, rental apartment buildings, condominiums for sale, and similar commercial developments. The land is classified as residential land (宅地) with a high building coverage ratio of 80% and a floor area ratio of 400%, allowing for significant development potential. Road frontage is available on the northeast side with an 18-meter-wide road and on the southwest side with a 4-meter-wide road. The property is a non-linear urban planning area, and ownership rights are freehold. The handover date is negotiable.