Land for Sale in Okinawa City with Stable Asset Potential
This land parcel of 1,868 square meters (approximately 565.07 tsubo) is located in the Chibana area of Okinawa City, Okinawa Prefecture. The property is situated outside the fence of the Kadena Ammunition Storage Area and is offered for sale as a share (sole ownership), even though it is currently under joint ownership. The listed price of 109,700,000 yen includes the land lease fee.
Critical financial details from the agent's notes are as follows: Other costs include ownership transfer registration fees, revenue stamps for contract attachment, brokerage commission, military land fees, landowner association fees, and fixed asset tax settlements. For the fiscal year Reiwa 7 (2025), the annual land lease fee is 2,494,188 yen, the fixed asset tax is 229,090 yen, and the landowner association fee is 9,977 yen per year (0.4%). The annual escalation rate is approximately 1.16%. The land details specify the land category as 'field' with a classification of 'anticipated residential land'. There is no scheduled return of the land. Ownership transfer costs are to be split equally between the buyer and seller. An estimate of initial costs can be provided upon request. Please note that the displayed price (including land lease fee) is calculated per square meter, and variations may occur due to decimal point processing methods. The land lease fee, landowner association fee, and escalation rate are calculated based on the fiscal year Reiwa 7 facility unit price. The land lease fee, fixed asset tax, and landowner association fee are the total amount for two plots.
The Chibana district offers a blend of residential and semi-rural surroundings within Okinawa City. An interesting historical fact about the area is its proximity to significant WWII sites and its subsequent role in the post-war development of central Okinawa. The closest major landmark is the Okinawa Comprehensive Athletic Park, a large public sports complex hosting various events and facilities.
