Investment Opportunity: Military Land Parcel in Okinawa City
This listing presents a 127 m² (approximately 38.41 tsubo) plot of land designated as "miscellaneous land" (雑種地) located within the confines of Kadena Air Base in Okinawa City's Yamauchi district. The property is a military-use land parcel (軍用地物件) with an annual lease fee of 219,127 yen and a multiplier of 50. This setup offers a stable, long-term investment opportunity for asset management, generating consistent rental income from the U.S. military.
According to the agent's notes, the property's key feature is its status as military land. The annual ground rent is fixed, and the 50x multiplier is a standard calculation for such properties in Okinawa. The land is sold as-is, with no specific building coverage or floor area ratio restrictions listed, as it falls under the "unrestricted" category for use. The transfer of ownership and other details are open for consultation.
The property is situated in the Yamauchi area of Okinawa City, a central municipality on Okinawa's main island. This region is deeply connected to the island's modern history and the presence of U.S. military bases. A notable landmark in the vicinity is the Okinawa Prefectural Peace Memorial Museum, a profound site dedicated to reflecting on the Battle of Okinawa and promoting peace. While the land itself is within the base, the surrounding city offers a mix of local residential life and American-influenced culture.
