Prime Development Land Parcel in Okinawa City
This substantial land offering in the popular Yamaguchi area of Okinawa City presents a rare opportunity for development or investment. The property consists of five consolidated plots totaling 5,741.69 square meters (approximately 1,736.86 tsubo), making it a sizable and versatile canvas. The asking price is set at 138,950,000 JPY.
Critical details from the agent's notes are as follows: The costs for ownership transfer registration will be borne by the buyer. The land is being sold as a bundle of five separate titles. The property will be handed over in its current 'as-is' condition. Portions of the land (lots 239 and 242-1) involve shared ownership interests. Lot 238 is a leased-land property (底地) with existing structures. It is noted that after the demolition of these structures, the lot can meet road frontage requirements. The land classifications for the various plots are: 238 (residential land), 239 (forest), 240 (field), 242-1 (forest), and 243 (field). Interested parties are advised to inquire for further specifics.
The land is zoned as Category 1 Mid-to-High-Rise Residential, with a building coverage ratio of 60% and a floor area ratio of 200%. There is a private road burden associated with the property. The location in Yamaguchi 1-chome is a sought-after area within Okinawa City, known for its residential appeal and accessibility.
The surrounding Okinawa City area offers a vibrant mix of urban convenience and cultural attractions. An interesting local fact is that the city is home to the Okinawa City Athletic Park, a major venue for sports and events, built partially on land formerly used by the U.S. military. The closest major landmark and significant tourist attraction is the Okinawa Prefectural Peace Memorial Museum and the Cornerstone of Peace in Itoman City, a powerful site dedicated to reflecting on the history of the Battle of Okinawa and promoting peace.
