Prime Development Land in Setagaya's Dynamic Shimokitazawa Area
This prime development land presents an exceptional opportunity in the highly sought-after Setagaya Ward of Tokyo. The property is a land plot with a total area of 54.70 square meters (approximately 16.54 tsubo), situated in the vibrant Daida 6-chome neighborhood. It is designated as residential land within an urbanization promotion area and a quasi-commercial district, offering flexible usage potential.
Critical agent notes have been translated for full transparency. The property's road access details are as follows: it fronts a single road to the west, which is a 25-meter wide public road, with a frontage of 6.2 meters. A position designation is not required. The land is flat, and the current condition features an old house. There are no specific building conditions attached to the land, making it a blank canvas for redevelopment. The land shape is regular with an extended lot line.
The land rights are under an old-law surface leasehold (chintaiken). The remaining lease period is 8 years and 3 months, expiring in May 2034, with a monthly ground rent of 16,800 yen. The property is offered for sale with the existing leasehold rights. The building-to-land ratio is 80% and the floor area ratio is 300%, allowing for significant development potential. A notification under the National Land Use Planning Act is not required.
The location offers superb convenience with multiple train stations within walking distance. It is just a 3-minute walk from the Keio Inokashira Line's Shindaita Station, an 11-minute walk from the Odakyu Odawara Line's famed Shimokitazawa Station, and a 12-minute walk from the Keio Line's Daitabashi Station. The area around Shimokitazawa is renowned for its youthful, bohemian atmosphere, packed with independent boutiques, live music venues, and eclectic cafes. An interesting local fact is that Shimokitazawa's dense, low-rise urban fabric and maze-like streets emerged largely from its history as a post-war black market, evolving into a counter-cultural hub that fiercely resists large-scale redevelopment. The closest major landmark is the historic Meiji Jingu Shrine, a vast forested Shinto shrine dedicated to Emperor Meiji and Empress Shoken, located just a few stops away on the Odakyu Line.
