Large Development Land for Sale in Ota Ward, Tokyo
This is a rare, large-scale plot of land for sale in Ota Ward's Ikegami 7-chome. The property is an 8-minute walk from Yaguchi-no-Watashi Station on the Tokyu Tamagawa Line. The frontage faces south onto a 5.45-meter-wide road, offering excellent sunlight and a sense of openness.
The land area is 291.36 square meters (approximately 88 tsubo). It is zoned as Category 1 Medium-to-High-Rise Residential Exclusive District, with a building coverage ratio of 60% and a floor area ratio of 200%. This zoning permits the construction of rental apartment buildings. The site is currently used as a coin-operated parking lot, meaning there are no building demolition costs for the buyer. The seller will bear the cost of removing equipment such as payment machines and lock plates, allowing for a smooth start to development plans without extra upfront expenses.
The area offers good access to central Tokyo, Yokohama, and the Haneda area, promising strong rental demand. This property is highly recommended for investors looking to build a revenue-generating property or expand their business portfolio.
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The Ikegami area is historically significant, home to the famous Ikegami Honmon-ji Temple, a major temple of the Nichiren sect of Buddhism founded in the 13th century. The temple's spacious grounds and historic five-story pagoda offer a peaceful retreat from the city and are a notable local landmark.
