Spacious Land Plot in Nago, Okinawa with Income Potential

This expansive land plot, located in the Mihara district of Nago City, Okinawa, offers a total area of 1,865.61 square meters (approximately 564.34 tsubo). The property is listed for sale at a price of 8.65 million yen. The land is designated as farmland, and its use district is unspecified. According to the agent's special notes, the plot consists of two distinct sections: approximately 197 tsubo of flat land and approximately 366 tsubo of sloping land. Furthermore, the property is subject to the Nago City Landscape Ordinance, which imposes a maximum building height restriction of 11 meters.

A unique feature of this property is its existing contract with a mobile phone company for an antenna installation, which generates a steady annual income of 60,000 yen for the landowner. This provides a small but consistent revenue stream. It is important to note that an application under Article 5 of the Agricultural Land Law is required for any change in use, which is a key consideration for potential buyers interested in building a residence or cultivating the land.