Expansive Commercial Land Opportunity in Chatan, Okinawa
This substantial land parcel, spanning approximately 5,116 square meters (1,547.6 tsubo), is now available for sale in the sought-after Ikemi area of Chatan Town, Okinawa. The property is situated along the bustling Kokutai Dori (National Athletic Meet Road), a major thoroughfare lined with commercial facilities and condominiums, offering prime visibility and access. Currently, the site is utilized as a monthly parking lot, providing an existing income stream with an estimated annual revenue of 3.12 million yen.
The land is classified as 'sanyin' (wooded mountain/forest land) and features a flat topography, making it highly suitable for development. It offers favorable building regulations with a 60% building coverage ratio and a 200% floor area ratio. The property fronts a 22-meter wide road to the southwest with no private road maintenance obligations. Essential utilities, including water and sewage, are available. There are no specific building conditions attached to the sale, providing significant flexibility for the new owner's vision, whether for commercial complexes, residential condominiums, or other ventures.
The location is exceptionally convenient, just a one-minute walk from the Chatan High School Entrance bus stop. The area falls within the Chatan Second Elementary School district (18 minutes on foot) and Chatan Junior High School district (31 minutes on foot). The land is zoned as a Quasi-Residential area within an unzoned urban planning district. Important notes: the price is negotiable ('応相談'), and the handover date is also subject to consultation. The current fixed asset tax and lot multiplier information is not provided.