Former Mitsubishi Materials Company Dormitory Site in Okayama

This substantial property is the former site of a Mitsubishi Materials company dormitory, located in the Setocho neighborhood of Okayama City's Higashi Ward. The land parcel spans 2,877 square meters (approximately 870.29 tsubo) and features an existing reinforced concrete (RC) building constructed in January 1985. The three-story structure has a total floor area of 620.73 square meters, distributed across 328.05 sqm on the first floor and 146.34 sqm on each of the second and third floors.

Key property features and agent notes have been translated for clarity. The equipment and facilities include connections to city water, sewer, and electricity. Special notes regarding road access detail that the property fronts a one-way public road to the northwest, with a width of 5.2 meters. A critical feature is the parking situation: the property can accommodate parking for three or more vehicles, with one parking space provided free of charge.

The property is situated within an Urbanization Area zoned as a Category I Low-Rise Exclusive Residential District, with a building-to-land ratio of 50% and a floor area ratio of 100%. The land is registered as residential land (宅地) and is currently vacant. The sale is being handled as a general brokerage transaction.

The area of Setocho in eastern Okayama City offers a blend of residential calm and natural scenery, positioned near the foothills. An interesting local fact is that the nearby Asahi River is famous for its cormorant fishing (ukai) tradition in the summer months, a practice with over a thousand years of history. The closest major landmark is the iconic Okayama Korakuen Garden, one of Japan's Three Great Gardens, located approximately a 30-minute drive west, renowned for its beautiful landscapes and historical significance.