Investment Opportunity in Okinawa's Popular Kadena Ammunition Depot Area
This listing presents a 30-square-meter plot of land located in Daiku-mawari, Okinawa City, within the highly sought-after Kadena Ammunition Depot area. The land is priced at 1,88 million yen, representing a price-to-land-rent ratio of 49.6 times, indicating strong and consistent demand. The property is classified as military land (軍用地).
Critical agent notes, translated from the Japanese remarks, provide essential investment details: There is no scheduled return of the land (返還予定なし). It offers a high bank collateral valuation and the expectation of stable value appreciation. The listing is described as perfectly suited for first-time military land investment, appearing at a very appropriate price range and multiplier level. Important notes include that there will be a pro-rated settlement for the land lease fee for Reiwa 7 (2025) (土地賃借料（R7）の日割清算あり), and all ownership transfer costs will be the buyer's responsibility (所有権移転費用は買主様負担となります). The agent handling the property is Yoshizawa.
Additional financial specifics are provided: The annual land rent for fiscal year Reiwa 7 is 37,844 yen, equating to a unit price of 1,261 yen per square meter, reflecting a 1.26% increase from the previous year. The property tax equivalent is 3,477 yen, but it is currently non-taxable as it falls below the exemption threshold. However, if the buyer owns other real estate in Okinawa City, it may become taxable. The location's future prospects are bolstered by plans for the new construction of an ammunition depot in the Chibana district nearby.
The surrounding area of Okinawa City is a central hub of the prefecture, blending urban convenience with rich cultural history. An interesting fact is that Okinawa City hosts one of the largest annual festivals in the prefecture, the Okinawa City Festival, which features the unique Eisa dance, a powerful, drum-driven performance with roots in honoring ancestors. The closest major landmark and significant tourist attraction is the Okinawa Prefectural Peace Memorial Museum and the Cornerstone of Peace in Itoman, a sobering and important site dedicated to the victims of the Battle of Okinawa, located within a reasonable driving distance.
