Property Overview
This commercial property is located in Koriyama City, Fukushima Prefecture, in the Otsuki-machi area. The building is a two-story steel-frame structure with a total floor area of 391.64 square meters, situated on a land plot of 389.71 square meters. The property was constructed in February 1996 and is currently being used as a dormitory.
The property benefits from a dual road frontage. To the southwest, it fronts a 4.5-meter-wide private road, and to the north, an 8.4-meter-wide public road. This configuration provides good access and visibility. The land is classified as residential land within an urbanized area, zoned for first-class medium-to-high-rise residential use. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is owned with full title rights.
The property is situated in a relatively accessible location. Koriyama Station on the Tohoku Main Line is approximately 29 minutes away by bus, and the Shinikeshita Danchi bus stop is a 7-minute walk from the property. The area is a mix of residential and commercial development. The property is currently tenanted, with a negotiable handover date.
