Land Investment Opportunity Near Kadena Air Base in Okinawa City
This listing presents a land parcel for sale in the Morine district of Okinawa City, Okinawa Prefecture. The plot spans 495.86 square meters (approximately 149.99 tsubo) and is designated for residential use. The asking price is 50,200,000 yen.
Critical agent notes and financial details have been provided. The property is classified as a military base land parcel, specifically related to Kadena Air Base, with a note confirming there are no scheduled return plans, indicating stable, long-term lease income potential. The ownership share for sale is 4/8ths (a half share), though purchase of only a 2/8ths share is also possible. Key financial metrics include a multiplier of 49x, an annual lease fee for Reiwa 7 (2025) of 1,025,436 yen, fixed asset tax for the same period of 97,000 yen, and a surface yield of approximately 2.04%. Additional estimated costs are an acquisition tax of roughly 174,000 yen and a landowners' association fee (0.4%) of about 4,101 yen. The agent emphasizes that this type of property is actually effective for inheritance tax countermeasures.
The listing is handled by Chubu Kōsan Co., Ltd., Naha Shintoshin Branch Sales Department, a company founded in 1982 with over 40 years of experience. They state their mission is to support clients step by step towards their dream home or investment property, covering all of Okinawa Prefecture with the largest number of branches in the area. They offer comprehensive support from a first-time purchase, including introductions to various loans, financial planning, and advice on taxes and legal matters.
The area of Okinawa City offers a unique blend of local culture and modern conveniences. An interesting fact is that Okinawa City hosts the Okinawa City Zoo and Museum, which is dedicated to the diverse wildlife and history of the Ryukyu Islands. The closest major landmark is the vast Kadena Air Base, a key installation for the U.S. Forces in Japan, which dominates the local landscape and economy.
