Prime Development Land in Central Okayama City
This prime development land is located in the Monbunka-cho 3-chome area of Okayama City's central Naka Ward. The plot offers a total land area of 183.63 square meters (approximately 55.55 tsubo) and is designated as residential land within a City Planning Area's Category I Residential Zone. The property features a building coverage ratio of 60% and a floor area ratio of 200%, providing significant development potential.
Critical agent notes provide essential details on the property's current income generation and access. The road access situation is detailed as follows: East side with a width of 4.5 meters and West side with a width of 8 meters. Furthermore, the property currently generates rental income. The first floor is leased out as a single unit for 30,000 yen per month. On the second floor, 8 out of 10 available parking spaces are rented out at 6,000 yen each, generating 48,000 yen monthly, while the owner uses the remaining two spaces free of charge.
The land is currently vacant and ready for handover. The area is well-connected, with the Higashiyama Okayaden Museum Station on the Okayama Electric Tramway Higashiyama Main Line accessible within a 14-minute walk. The Naka Ward is a vibrant part of Okayama City, known for its blend of urban convenience and cultural sites. An interesting local fact is that Okayama is famously called the "Land of Sunshine" due to its remarkably low annual rainfall and abundant sunny days. The closest major landmark is the iconic Okayama Castle, a historic black castle known as "Crow Castle" (U-jo), located just a few kilometers away and surrounded by the beautiful Korakuen Garden, one of Japan's three great gardens.
