Prime Development Land in Okinawa City with Exceptional Investment Potential

This substantial 1,395 m² plot of land, designated for residential use, is located in the Gara River (嘉良川) area of Okinawa City. The property is presented as a prime development opportunity with a notable investment angle, highlighted by the agent's special note that the asking price represents a multiple of 49 times the annual lease income. Specifically, the annual land lease fee is 2,406,946 yen, making the listed price of 1,179,400,000 yen equivalent to 49 years of this income, suggesting a long-term, stable revenue stream for an investor.

The land is currently categorized as residential land (宅地) with the potential for future development (宅地見込み地). A key condition noted by the agent is that the property is situated on land used by the U.S. military (軍用地物件), which is a critical factor for any potential buyer to investigate thoroughly regarding usage rights, restrictions, and future prospects. The agent's remarks (備考) simply state "-", indicating no additional comments beyond the special investment note. The transfer of the property is listed as negotiable (相談).