Residential Land for Sale in Kawagoe City, Saitama
This residential land plot in Kawagoe City, Saitama Prefecture, offers a substantial 268.2 square meters (approximately 81.13 tsubo) of flat, regularly shaped land. The property is currently generating a monthly rental income of 50,000 yen from a construction company, providing a current yield of 6.8% based on the asking price of 8.8 million yen. This established rental history demonstrates a proven source of long-term income for an investor.
Critical agent notes regarding the property's condition are provided: "古家あり更地引渡可実際に見てみたい無料ご希望のお日にちなど、お気軽にお問合せください." This translates to: "An old house exists on the property, but it can be delivered as vacant land. If you would like to see it in person for free, please feel free to contact us with your preferred date." This indicates the seller is flexible, offering the land either with the existing structure or cleared, and encourages prospective buyers to schedule a viewing.
The land benefits from public water supply, propane gas, and a septic tank system. It has a favorable frontage of 7 meters onto a public road with no required setback, and is designated within the City Planning Area's Urbanization Control Area. The plot has no specific building conditions attached, offering freedom for the future owner's development plans, subject to the standard 60% building coverage and 200% floor area ratio allowances.
The area of Kawagoe, often called "Little Edo," is famous for its well-preserved historical warehouse district from the Edo period, offering a unique glimpse into Japan's past. A major landmark nearby is the iconic Kawagoe Castle, a historically significant site that is a key tourist attraction for the city. The property is within walking distance of JR Kawagoe Line's Minami-Furuya Station and the Tobu Tojo Line's Shingashi Station, providing access to central Tokyo and the greater Saitama area.
