Land for Sale in Okinawa City: A Strategic Investment in a Planned Development Zone
The property is situated within the planned Nakano-machi District Land Readjustment Project area, specifically in block 5 of 8 total blocks. Each block follows a five-year plan, with the first block's provisional land exchange designation scheduled for Reiwa 6 (2024) and construction commencement planned for Reiwa 11 (2029). The land is currently subject to an annual leasehold fee of 193,200 yen (as of Reiwa 6) and a fixed asset tax of 29,000 yen (for Reiwa 6 fiscal year). Notably, three buildings with former leasehold rights exist on the target sale land and are currently occupied with no planned evacuation.
The flat land is zoned for commercial use in a non-line designated urban planning area. It has an 80% building coverage ratio and a 400% floor area ratio. The property faces a 7-meter wide road to the southwest and has no private road burden. The location is highly convenient, approximately a 3-minute walk from Nakano-machi bus stop, and is situated behind the famous Koza Music Town and near the Goya intersection.
The area around Okinawa City is rich in history and culture, having been significantly influenced by its post-war development and the vibrant presence of Koza Music Town, a hub for Okinawan music and entertainment. A major nearby landmark is the Okinawa Prefectural Peace Memorial Museum, a profound site dedicated to reflecting on the history of the Battle of Okinawa and promoting peace.
The listing agent, Yuima-ru Real Estate, emphasizes a customer-focused approach. Their team, comprised of experienced real estate transaction specialists and financial planners, offers comprehensive support. This includes assistance with financing, bank pre-screening, loan repayment simulations, and post-purchase renovation planning. They also provide free consultation for property sales, inheritance planning with certified inheritance diagnosticians, and support for custom home building. The company actively shares updates and closed deal information via their Instagram (@okinawa.yuimaaru.fudousan) and website.
