Investment Opportunity: Land Parcel within Kadena Air Base, Okinawa City
This listing presents a unique investment opportunity: a 170m² (approximately 51.42 tsubo) plot of land designated as "miscellaneous land use" located within the confines of Kadena Air Base in Okinawa City's Yamauchi district. The property is currently under a military land lease agreement, generating a stable annual ground rent of 298,495 yen. The price is set at 14.93 million yen, with a price per tsubo of 290,400 yen.
Translated agent notes provide critical details. The property's condition is explicitly listed as "軍用地" (military land). There are no specific remarks or special notes provided beyond this classification. The features highlight the property's location within the base and its annual lease income, positioning it as a potential asset for investment purposes. The land is accessible from all directions (north, northeast, east, southeast, south, southwest, west, northwest), and the transaction is handled via an intermediary. The handover date is negotiable.
The area of Okinawa City offers a blend of local culture and the unique presence of U.S. military installations. An interesting fact is that nearby, the Okinawa City Athletic Park hosts one of Japan's largest tug-of-war events, a tradition with roots in Ryukyuan harvest festivals. While the property is situated within the strategic Kadena Air Base, a major landmark for visitors in the region is the Okinawa Prefectural Peace Memorial Museum and its surrounding park in Itoman City, a profound site dedicated to reflecting on the history of the Battle of Okinawa.
