Prime Redevelopment Opportunity Near JR Karuizawa Station
This property offers a rare opportunity to acquire a well-located parcel in a highly sought-after area of Karuizawa, within walking distance of the station. The site features convenient access, generous frontage, and flexible zoning, making it well suited for redevelopment or repositioning.
Key highlights include a prime location approximately a 10-minute walk to Karuizawa Station, a land size of 256.89 m² (approx. 77.7 tsubo), south-facing road frontage for good light exposure, and Type 1 Residential Zoning, which is suitable for residential or hospitality use subject to approvals. The property has redevelopment potential, ideal for a private villa, staff accommodation, or boutique lodging.
Property details include a price of ¥124,000,000, access approximately 800m to Karuizawa Station (10-minute walk), a land area of 256.89 m², Type 1 Residential zoning, a building coverage ratio of 60% and floor area ratio of 200%, and public water and sewer utilities.
There is an existing structure on the property, built in 1986, previously used as dormitory housing. The building is in a dilapidated condition and is not considered suitable for continued use. Important notes indicate the property is best suited for redevelopment, setback requirements apply on the south and east sides, there is a partial designation under a planned road expansion, and it is located within a river-related zone (confirmation required). Buyers are advised to conduct due diligence regarding building regulations and redevelopment feasibility.
