Military Land Investment Opportunity in Okinawa City
This listing presents a unique investment opportunity: a 201 square meter plot of military land located in Okinawa City's Ikehara district. The property is part of the Japan Ground Self-Defense Force's Okinawa Training Area. The asking price is 2,474,000 yen.
Critical details from the agent's notes are as follows. The property is designated as military land. The annual lease fee for this land is 54,981 yen, with a multiplier of 45 times. Both the annual lease fee and the fixed asset tax will be prorated and settled at the time of transaction completion. Importantly, there is no scheduled return or reversion of this land from military use.
The land is classified as "miscellaneous land use" (雑種地) and spans 201 square meters (approximately 60.8 tsubo). Additional costs for the buyer include a share of the Reiwa 7 (2025) ownership transfer registration fees, estimated at around 60,000 yen (split between seller and buyer), a fixed asset tax of 5,065 yen for Reiwa 7, and a stamp duty of 1,000 yen for the contract. The property is listed as an intermediary transaction for investment purposes.
The area of Okinawa City offers a blend of urban convenience and historical significance. An interesting local fact is that the city is home to the Okinawa Municipal Zoo, which is the only zoo in the prefecture. The closest major tourist attraction is the iconic Katsuren Castle, a UNESCO World Heritage site located in nearby Uruma City, which offers stunning panoramic views and a deep dive into Ryukyuan history.
