Prime Development Land in Shinagawa, Tokyo
This prime development land parcel, located in the sought-after Nishi-Oi 2-chome area of Shinagawa Ward, Tokyo, presents an excellent opportunity for residential construction. The plot offers a land area of 50.63 square meters (approximately 15.31 tsubo), with a price point of 59.8 million yen. The site is designated as Category I Medium-to-High-Rise Residential Exclusive Zone, with a building-to-land ratio of 60% and a floor area ratio of 160%, allowing for a comfortable residential structure.
Critical agent notes provide essential details for development planning. The road access situation is detailed as follows: the property fronts a single road to the east. This public road has a width of 4 meters, with a frontage of 4.3 meters on the property. It is noted that a 'Position Designation' (位置指定) is not in place. The land is described as flat in topography. The property is a re-buildable lot with no attached building conditions, and the existing structure is an old house. The land rights are freehold (ownership). The optimal use is residential, and the handover timing is negotiable.
The location offers superb convenience, being just a 7-minute walk from both the Shonan-Shinjuku Line and Yokosuka Line's 'Nishi-Oi' Station, providing direct access to major hubs like Shinjuku, Yokohama, and beyond. The Shinagawa area is a dynamic blend of modern business districts and historical neighborhoods. An interesting local fact is that the nearby Oi Racecourse, a major horse racing venue, was one of Japan's first and has a history dating back to the early 20th century. The closest major landmark is the expansive Shinagawa Seaside Park, a popular recreational area with sports facilities and views of Tokyo Bay.
