Land for Sale in Okinawa City with Potential for Residential Development
This 95 square meter plot of land is located in the Shomisato area of Okinawa City, Okinawa Prefecture. The property is listed for sale at a price of 8.2 million yen. The land is classified as "zasshuchi" (miscellaneous land) and is noted as having potential for conversion to residential use (宅地見込).
Critical agent notes provide essential details for prospective buyers. The property is situated on U.S. military land associated with Kadena Air Base (軍用地【嘉手納飛行場】). The annual lease fee for the land is approximately 160,000 yen, and it is important to note that this fee is subject to fluctuation (年間借地料変動有). The land rights are held under a single title (単独名義). The listing also mentions a high multiplier rate of 50 times (倍率：50倍), which is a significant factor in the valuation of military-leased land in Okinawa.
The area of Okinawa City offers a vibrant mix of local culture and modern convenience, being one of the most populous cities on the island outside of Naha. An interesting historical fact is that the city, formerly known as Koza, was a major center for the development of Okinawan rock music and cultural exchange during the post-war U.S. administration period. The closest major landmark is the expansive Kadena Air Base, one of the largest and most strategically important U.S. Air Force installations in the Asia-Pacific region.
