Land for Sale in Itoman City, Okinawa with Existing Warehouse and Rental Income
This 661 square meter (approximately 200 tsubo) plot of land is located in Nishizaki, Itoman City, Okinawa Prefecture. The property is currently leased to a welfare service business, generating a monthly rental income of 330,000 yen (including tax). The fixed-term lease agreement is scheduled to end in March 2029, after which the land can be utilized for business purposes.
The land is designated as residential land within an urbanization area under the city planning scheme. It has a building coverage ratio of 70% and a floor area ratio of 200%. There are no specific building conditions attached to the sale. A key feature of this property is that it includes a warehouse with a light-gauge steel structure, measuring 78.75 square meters.
Access to the site is convenient, with the Nishizaki 2-chome bus stop approximately a 5-minute walk away. The handover date for the property is negotiable. This represents an opportunity to acquire income-generating land with existing infrastructure in a developing area of Itoman.