Commercial Investment Property in Central Miyakojima City
This commercial building is a prime investment opportunity located in the bustling heart of Miyakojima City's downtown area. The property is currently operating at full capacity with all eight units occupied, generating a substantial annual revenue of 7.88 million yen and offering a high surface yield of 11.3%.
The building is a three-story reinforced concrete block (RCB) structure with a total floor area of 660.41 square meters situated on a 254.09 square meter plot of land. The land is designated for residential use within a commercial zone under the city planning act. The property includes a private road burden of 31.54 square meters. The building coverage ratio is 80% with a floor area ratio of 400%. The land rights are freehold (ownership), and the property can be handed over immediately.
The location in Shimoizato, Hirara, Miyakojima City offers excellent frontage on a 3.91-meter wide road to the west. The property is being sold through an exclusive and dedicated brokerage arrangement. The listing price is 69.6 million yen.
The area is the commercial and administrative center of Miyakojima, part of Okinawa Prefecture. Miyakojima is renowned for its stunning beaches with white sand and brilliant emerald-green waters, such as the famous Yonaha Maehama Beach. A key nearby landmark is the iconic Irabu Bridge, one of Japan's longest toll-free bridges, connecting Miyakojima to Irabu Island and offering spectacular panoramic views of the surrounding sea.
