Prime Parking Lot Development Opportunity in Bizen City
This property presents a prime development opportunity as a parking lot with existing structures in Bizen City, Okayama Prefecture. The land, with a total area of 184.31 sqm (approximately 55.75 tsubo), is currently in a state with an old house and a roofed parking area that can accommodate approximately 8 vehicles. Accessing the upper level via stairs reveals two separate rooms, offering additional utility. The property is strategically located just a 5-minute walk from Nishikata Station on the Akō Line and a mere 3-minute walk from the site of the former Alpha Bizan, a key local landmark.
Critical agent notes provide essential market context: The average monthly parking fee in the surrounding area is 4,000 to 5,000 yen. Furthermore, redevelopment of the former Alpha Bizan site is expected to increase demand in the vicinity, enhancing the property's investment potential.
The land is designated as Category I Residential District within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%. Ownership is full freehold. The terrain is sloped, and the optimal intended use is explicitly for parking lot development.
Bizen City is part of the historic Bizen region, world-renowned for its distinctive Bizen-yaki pottery, fired without glaze for a unique, earthy appearance. The area offers a blend of traditional craft culture and developing urban convenience. A major tourist attraction nearby is the iconic Okayama Castle, known as "Crow Castle" due to its striking black exterior, located approximately 30 kilometers away in Okayama City.
