Land for Sale in Naha, Okinawa with Potential for Residential Development
This property is a 20.51 square meter plot of land located in the Takara area of Naha City, Okinawa. It is offered for sale at a price of 5,000,000 yen. The land is classified as "miscellaneous land" (雑種地) and is specifically categorized as "land with potential for residential development" (宅地見込地). A critical feature of this property is that it is part of the Naha Base military land (軍用地). The listing notes there is no scheduled return of this land from military use (返還予定なし).
Key financial details from the agent's notes have been translated. The annual land lease fee (地代) is approximately 90,996 yen, calculated at a 55x multiplier (55倍). The fixed asset tax (固定資産税) for the fiscal year Reiwa 6 (2024) is approximately 7,840 yen. The seller is open to consultation regarding subdivision of the land, with potential prices ranging from 3.5 million to 73.5 million yen. The land lease fee has an annual escalation rate of 1%.
