Prime Commercial Land with Solar Power Facility in Kin, Okinawa
This exceptional commercial property presents a rare opportunity to acquire a large 1,200 tsubo (approximately 3,966.9㎡) plot of land in the Igei area of Kin Town, Okinawa. The land is sold with a significant 268kW solar power generation facility already installed and operational. The solar system began selling power to the grid in February 2015 (Heisei 27) and generates an annual income of approximately 12 million yen under the Feed-in Tariff (FIT) scheme, which is secured until September 2044 (Reiwa 16). This provides a surface yield of 6%, offering a stable revenue stream alongside the land asset.
According to the agent's special notes, the property is adjacent to the Kin Interchange (IC) of the Okinawa Expressway, providing excellent convenience for north-south travel across the main island. The site is highly suitable for construction businesses, logistics operators, warehouses, factories, and other commercial uses. Within the facility grounds, there is an unused plot of 250 tsubo available for construction. The property is equipped with complete water supply and drainage systems. The price has been reduced from 200 million yen to 170 million yen. Full financing for the 170 million yen purchase price is possible with a bank loan at a 2.5% interest rate over a 20-year term, resulting in monthly repayments of approximately 900,000 yen.
The land has no specific building conditions, offers a high floor area ratio of 400% and a building coverage ratio of 70%, and is located outside the city planning area. The transfer of the property is negotiable. The listing agent encourages inquiries and provides a direct contact number: 090-4510-8527.
The area of Kin Town offers a blend of natural beauty and strategic location on Okinawa's main island. An interesting local fact is that Kin is home to the Kin Red Beach Training Area, a facility used by the U.S. military, which has influenced the local economy and culture. The closest major tourist attraction is the famous Manzamo scenic lookout in nearby Onna Village, renowned for its dramatic elephant trunk-shaped cliff formation and stunning views of the East China Sea.
