Commercial Building in Iwaki City, Fukushima Prefecture
This commercial building presents a significant investment opportunity in the heart of Iwaki City, Fukushima Prefecture. Located just a 4-minute walk from the JR Joban Line's Iwaki Station, the property offers exceptional accessibility. The building itself is a robust 8-story above-ground, 1-story below-ground reinforced concrete (RC) structure built in April 1961, with a total floor area of approximately 1,466.66 square meters (about 443.66 tsubo). It sits on a spacious plot of land measuring 590.40 square meters (about 178.59 tsubo) with full ownership rights. The land is designated within a commercial zone in an urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 600%.
According to agent notes, the property is currently vacant. The land is described as having a sloping topography. The transaction is handled under a general intermediary agreement. All associated rights and obligations will be transferred upon sale, and the handover date is negotiable. The property is listed for sale at a price of 100 million yen.
The area around Iwaki Station is a bustling commercial and transportation hub. Iwaki City is known for its long coastline along the Pacific Ocean, offering access to beautiful beaches and fresh seafood. A notable nearby landmark is the Aquamarine Fukushima, a large aquarium and marine science museum famous for its unique tunnel tank and focus on the marine life of the Joban coastal region.
