Land for Sale in Awase, Okinawa City: A Military-Use Property with Investment Potential
This listing presents a 145 square meter (43.86 tsubo) plot of land designated as military-use property, specifically part of the Awase Communications Facility. The land is offered for sale at a price of 10,500,000 JPY. A critical feature of this property is its leasehold structure with a high multiplier of approximately 48 times. The annual lease fee (借地料) for the 2025 fiscal year (Reiwa 7) is 219,144 yen.
Detailed agent notes provide essential financial and legal specifics. The land is officially registered as 145 sqm (public record) and is classified as 'miscellaneous land' (雑種地) with an intended use category of residential land (宅地見込み). Annual fixed asset tax for 2025 is 23,629 yen, with an additional landowner association fee of 877 yen per year (0.4%). Public dues and taxes will be apportioned and settled daily. There is no scheduled return of the land. The property is under sole ownership (単独名義). Costs for ownership transfer registration will be split equally between seller and buyer. The real estate agent's commission is calculated as 3% of the price plus 60,000 yen plus tax. There are no costs for changing the land category.
The property is located in the Awase district of Okinawa City, a central area on Okinawa's main island. Awase is known for its proximity to Awase Bay and the Okinawa Comprehensive Athletic Park. An interesting local fact is that the nearby Awase tidal flat is one of Okinawa's most important remaining mangrove ecosystems, supporting diverse wildlife. The area offers convenient access to urban amenities while being close to natural coastal environments. The closest major tourist attraction is the Okinawa Prefectural Peace Memorial Museum and the Cornerstone of Peace in Itoman City, a profound site commemorating the Battle of Okinawa and promoting messages of peace.
