192㎡ Land Parcel for Investment in Kadena Town, Okinawa
This 192 square meter land parcel, located in the Higashi (East) area of Kadena Town, Okinawa, presents a unique investment opportunity. The property is designated as "military land" (軍用地), specifically a miscellaneous land category (雑種地) with the classification of "land expected to be residential" (宅地見込地). It is offered for sale at a price of 17,600,000 yen, which includes the land lease fee. A key feature is the absence of any scheduled return of the land to the owner, providing long-term stability.
Critical financial details from the agent's notes are as follows: The annual land lease fee for Reiwa 7 (2025) is 331,272 yen. The fixed asset tax for the same period is 34,950 yen. The annual escalation rate for the lease is approximately 1.0%. Additional costs include fixed asset tax, landowner association fees, and pro-rated land fee adjustments. The transfer of ownership costs will be borne by the buyer. An estimate of initial costs can be provided upon request. It is important to note that joining a landowner association is not possible for this property, as the contract is made directly with the Defense Bureau. The displayed price, which includes the land lease fee, is calculated per square meter, and slight variations may occur due to rounding. The land lease fee, landowner association fee, and escalation rate are calculated based on the Reiwa 7 facility unit price.
The area of Kadena Town is dominated by the presence of Kadena Air Base, one of the largest and most strategically important US military facilities in the Asia-Pacific region. An interesting historical fact is that the base was originally built by the Imperial Japanese Navy in 1944 and was subsequently captured and expanded by US forces during the Battle of Okinawa. For investors, the proximity to this major installation can signify consistent demand. The closest major landmark and significant tourist attraction is the expansive Okinawa Churaumi Aquarium, located approximately an hour's drive north in Motobu, renowned for its massive Kuroshio Sea tank and whale shark exhibits.
