Prime Investment Land in Okinawa City with Significant Lease Income
This substantial land parcel of 988.62 square meters (approximately 299.05 tsubo) in the Morimisato area of Okinawa City presents a unique investment opportunity. The property is designated as military land (軍用地), leased to Kadena Air Base, and offers a significant annual lease income of 2,004,130 yen for the fiscal year Reiwa 7 (2025). The lease rate has been substantially revised to a factor of 41 times the base value. The land rights are under sole ownership, making this an attractive proposition for inheritance tax planning strategies.
As per the agent's special notes, the fixed asset tax (固定資産税) for this property is approximately 193,490 yen. The listing price is set at 82,170,000 yen. The property is offered under an exclusive dedicated brokerage agreement (専属専任媒介). The land is zoned as residential land (宅地) within an area without specified use restrictions (用途地域無指定).
The Morimisato district in Okinawa City offers a blend of residential calm and strategic location. An interesting historical fact about the area is its proximity to Kadena Air Base, one of the largest and most strategically important US military installations in the Asia-Pacific region, which has shaped the local economy and culture for decades. The closest major landmark is the Okinawa Comprehensive Athletic Park, a vast public sports complex that hosts various events and is home to the Okinawa Cellular Stadium, where local football matches are held.
