Land for Investment: Former Army Oil Storage Facility in Uruma City, Okinawa
This property is a 98 m² plot of land located in the Konbu area of Uruma City, Okinawa. It is a former Army oil storage facility with no scheduled return to the Japanese government, offering a stable, long-term investment opportunity. The land is designated as "Zasshuchi" (miscellaneous land) with the classification "Takuchi Mikomichi" (land expected to become residential).
Critical financial details from the agent's notes are provided for transparency. The annual land lease fee for Reiwa 7 (2025) is 122,988 yen. The fixed asset tax for the same period is 11,266 yen. The annual landowner association fee is approximately 799 yen (0.65%). The annual escalation rate for these costs is about 1.4%. It is important to note that the displayed price includes the land lease fee, calculated per square meter; slight variations may occur due to rounding. All lease fees, association fees, and escalation rates are calculated based on Reiwa 7 facility unit prices. There are no planned return obligations. All ownership transfer costs are to be borne by the buyer. The agent can also provide an estimate of initial costs upon request.
The area of Uruma City is known for its beautiful coastline and islands, connected by the iconic Kaichu-doro, a road that runs across the sea. A major landmark nearby is the Katsuren Castle Ruins, a UNESCO World Heritage site offering panoramic views and a deep dive into Ryukyuan history.
