Prime Investment Land in Naha City with Military Lease Income
This is a significant land parcel of 369 square meters (approximately 111.62 tsubo) located in the Takara district of Naha City, Okinawa. The property is designated as military land associated with the Naha Base, presenting a unique investment opportunity. The asking price is set at 90,040,000 yen.
A critical detail provided in the agent's remarks is the financial structure of the existing lease: ■55倍（年間地代163.71万円）. This translates to a land lease multiplier of 55 times, with an annual ground rent of 1,637,100 yen. This indicates the property is currently generating income, which is a key factor for investors considering this acquisition.
The land is situated outside of urban planning zones, offering flexibility for potential future use, subject to relevant regulations. The transaction is handled under an exclusive brokerage arrangement. The property listing was updated on March 1, 2026, with a public posting deadline of March 14, 2026.
The Takara area in Naha offers convenient urban living while being in close proximity to some of Okinawa's most famous cultural sites. A short drive away is the iconic Shuri Castle, a UNESCO World Heritage Site and the former royal palace of the Ryukyu Kingdom. Its reconstructed main hall and sprawling grounds offer a profound glimpse into the unique history and architecture of the Okinawan islands, making it a must-visit landmark for tourists and locals alike.
