Located in Takata-cho, Rikuzentakata City, Iwate Prefecture, this expansive 2,489-square-meter plot of land represents a prime development opportunity in an area undergoing active land readjustment. The property is currently designated as a temporary reallocation site in the KA07 block (plots 1-1,-2).

Situated in a Type 1 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%, this vacant lot offers flexible development possibilities. The property benefits from its location in an area that's seeing significant post-tsunami reconstruction efforts, including new seawalls and elevated land development.

The land is conveniently accessible from the Rikuzentakata Station on the JR Ofunato Line (BRT). The area is known for its relatively mild climate throughout the year and is close to local landmarks such as the Miracle Pine Tree and the Takata-Matsubara Road Station. Both purchase and lease options are available for this property.