Prime Military Land for Sale in Okinawa with Established Rental Income
This listing presents a substantial investment opportunity: a 1,891 square meter (approximately 572 tsubo) plot of military land located within Camp Zukeran in Ginowan City, Okinawa. The land is offered for sale at a price of 166.9 million yen with immediate possession available. The property is designated as military land (軍用地) with no construction conditions, providing flexibility for the buyer.
Critical agent notes provide detailed breakdowns for three separate parcels within this offering. There are three plots available: Plot ① is 156㎡ with an annual lease fee of 2,753,860 yen and a sales price of 13.76 million yen. Plot ② is 954㎡ with an annual lease fee of 1,684,096 yen and a sales price of 84.2 million yen. Plot ③ is 781㎡ with an annual lease fee of 1,378,699 yen and a sales price of 68.93 million yen. The sale of individual plots is also negotiable.
The property generates a steady annual lease income of 3,338,172 yen, representing a yield based on a 50-times multiplier as noted in the details. This established income stream makes it an attractive asset for investors seeking exposure to Okinawa's unique real estate market, particularly within the secured context of U.S. military base land. The location offers convenient access, being a 9-minute walk from the Futenma Iriguchi bus stop.
The surrounding area of Ginowan City is a dynamic mix of local Okinawan life and the presence of U.S. military facilities. A major landmark and significant tourist attraction in the immediate vicinity is the Okinawa Convention Center, which is famously situated on a scenic headland overlooking the ocean and is a hub for major events and exhibitions. The property presents a rare chance to acquire income-generating land in a strategically important and continuously active part of the island.
