Prime Land Parcel in Okinawa City with Negotiable Price
This substantial land parcel of 1,442 square meters (approximately 436.2 tsubo) is available for purchase in the Morine area of Okinawa City, Okinawa Prefecture. The property is offered at an asking price of 15,000,000 JPY, with the listing noting that the price is negotiable. A key feature of this land is its shared ownership status as part of the Kadena Base, with an annual land fee of approximately 300,000 JPY.
According to the agent's special notes, the transaction will involve additional costs beyond the purchase price. These include stamp duty, a prorated property tax, and the real estate brokerage commission fee. The land is designated for miscellaneous use and is not subject to specific zoning regulations, offering flexibility for potential development within the defined building coverage ratio of 60% and floor area ratio of 200%. Ownership rights are private, and there is no private road burden. The property can be handed over immediately upon completion of the sale.
The Morine district of Okinawa City offers a unique setting in central Okinawa. The area is known for its proximity to significant U.S. military installations, which shape the local economy and culture. An interesting historical fact about Okinawa City is that it was formed in 1974 through the merger of two towns, Koza and Misato, with Koza having a vibrant post-war history intertwined with the nearby bases. The closest major landmark is the Kadena Air Base, one of the largest and most strategic U.S. Air Force installations in the Asia-Pacific region.
