Prime Development Land in Urasoe, Okinawa
This 266 square meter plot of land in Makiminato 2-chome, Urasoe City, presents a significant development opportunity. The property is currently a vacant lot with a monthly parking lot in operation, providing income until construction begins. The land is classified as "Zasshuchi" (various use land) and is located within a Category 1 Residential Zone. The building-to-land ratio is 60% and the floor area ratio is 200%.
Critical agent notes highlight essential utilities and infrastructure: the property is connected to propane gas, city water supply, and a sewer system. The agent's remarks provide detailed proximity information: Makiminato Elementary School is about a 7-minute walk (400m), Kouka Junior High School is about a 25-minute walk (1.7km), Co-op Makiminato is about a 5-minute walk (400m), Lawson Urasoe Makiminato 2-chome store is about a 4-minute walk (300m), Machinato Park is about a 6-minute walk (400m), Medical Plaza Makiminato is about a 5-minute walk (350m), and the Nishihara Toll Gate is about a 7-minute drive (3.6km). The agent emphasizes that the current state of the property is prioritized.
Most importantly, the notes specify that the retaining wall needs to be rebuilt, making the land highly suitable for the construction of high-rise buildings, apartments, or condominiums. The front road is designated under Article 42, Paragraph 1, Item 1 of the Building Standards Act. The property is being sold as a combined lot with two other plots (394-2 and 394-8). The parking lot is currently leased, and photos of it are among the last three in the listing. The parking contract can be terminated with one month's notice to the tenant.
The area of Urasoe is a thriving residential and commercial hub on Okinawa's main island. An interesting historical fact is that Urasoe was once the capital of the Ryukyu Kingdom before it moved to Shuri. The property is conveniently located, with the famous Okinawa Convention Center and the comprehensive sports and entertainment complex, Okinawa Cellular Stadium Naha (also known as Tapic Kenso Stadium), being major nearby landmarks.
