Prime Development Land in Naha's Shuri District
This 595.04 square meter (approximately 180 tsubo) plot of land presents a significant development opportunity in the sought-after Shuri Torihochi area of Naha City, Okinawa. The property is offered at a price of 50,000,000 JPY, translating to a per-tsubo price of approximately 278,000 JPY. A critical note from the agent specifies: "The price is based on a construction condition, with a per-tsubo unit price of 280,000 JPY. If there is no construction condition, please consult for pricing." This indicates the listed price is contingent upon the buyer committing to a building contract, and alternative terms are available for those seeking land-only purchase.
The land is designated as residential (宅地) within a Category I Low-Rise Residential Zone, with a building coverage ratio of 50% and a floor area ratio of 100%. It is a vacant lot with a completed ground survey, and utilities including public water and sewer are connected. The site has frontage on a 6-meter wide road to the east and is located within the urbanization promotion area. There is no private road burden. The location offers excellent residential appeal, being near Kaiko High School and within convenient distance of elementary and junior high schools.
To spark investor imagination, the listing includes a reference apartment building plan for a 4-story, 15-unit 1DK apartment building that has already obtained construction confirmation, demonstrating clear revenue-generating potential. The site is also highly suitable for other multi-family residences, houses with attached apartments, or care facilities.
The Shuri area is rich in history, being the former capital of the Ryukyu Kingdom. The property is within a 10-minute walk from the Shuri Station on the Okinawa Urban Monorail (Yui Rail), providing excellent access to central Naha. A major nearby landmark is the UNESCO World Heritage site, Shuri Castle (Shurijo), a reconstructed palace that was the political and cultural heart of the Ryukyu Kingdom for centuries, offering a profound cultural attraction just minutes from this development site.
