Spacious Land Plot in Okinawa City with Development Potential
This sizable land plot of 831.56 square meters (approximately 251.55 tsubo) is located in the Moromizato 3-chome area of Okinawa City, Okinawa Prefecture. Priced at 23,890,000 JPY, the property offers a versatile canvas for various uses, such as apartment development or as a yard. The land is zoned as Category 1 Mid-to-High Rise Residential, with a building coverage ratio of 60% and a floor area ratio of 200%.
Critical agent notes provide essential information for potential buyers. The special remarks state: "There are two old buildings on the premises, but the property will be handed over in its current condition. Demolition costs will be the buyer's responsibility. Furthermore, due to the difference in elevation, land preparation and retaining wall construction will be necessary." This translates to a significant initial investment beyond the purchase price for site clearance and groundwork.
The area of Moromizato in Okinawa City is a residential district known for its proximity to both urban conveniences and natural surroundings. An interesting local fact is that parts of Okinawa City are home to unique limestone caves formed by the island's karst topography. The closest major landmark is the expansive Kadena Air Base, a key facility for the U.S. Forces in Japan, located within the same district. This large plot presents a substantial opportunity for investors or developers willing to undertake the required site work to realize its full potential.
