Investment Land in Chatan, Okinawa with Significant Price Reduction

This 894 square meter plot of land, located in the Kuwae district of Chatan Town, Okinawa Prefecture, is offered for sale at a significantly reduced price of 74 million yen. The property is classified as "zasshuchi" (miscellaneous land) and is not subject to specific use district regulations, offering flexibility for potential development.

Critical agent notes provide essential information for investors. The property is subject to an annual leasehold fee of 1,636,020 yen, which is 45 times the base rate. The land is scheduled for return after 2025. Following its return, there is a possibility the plot will front Prefectural Road 24, potentially increasing its accessibility and value. The agent highlights this as a potential opportunity for investment or inheritance planning strategies.

The area of Chatan is a vibrant part of central Okinawa, known for its mix of local culture and modern conveniences. A notable nearby landmark is the Mihama American Village, a popular tourist destination featuring shopping, dining, and entertainment with a distinctive American-themed atmosphere, reflecting the area's unique cultural blend. This plot presents a rare chance to acquire a sizable parcel in a growing region, with the agent encouraging interested parties to make an inquiry.