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Prime Redevelopment Opportunity Near JR Karuizawa Station

Â¥ 124,000,000 Gross Yield*
38 Karuizawahigashi, Karuizawa-machi, Nagano,
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1189

Overview

Situated in a highly sought-after area of Karuizawa, this property offers a rare opportunity to acquire a well-located parcel within walking distance of the station. With convenient access, generous frontage, and flexible zoning, the site is well suited for redevelopment or repositioning.


Key Highlights

  • Prime location: approx. 10-minute walk to Karuizawa Station
  • Land size – 256.89 m² (approx. 77.7 tsubo)
  • South-facing road frontage – good light exposure
  • Type 1 Residential Zone – suitable for residential or hospitality use (subject to approvals)
  • Redevelopment potential – ideal for a private villa, staff accommodation, or boutique lodging

Property Details

  • Price: Â¥124,000,000
  • Access: Approx. 800m to Karuizawa Station (10 min walk)
  • Land Area: 256.89 m²
  • Zoning: Type 1 Residential
  • BCR / FAR: 60% / 200%
  • Utilities: Public water and sewer

Building (For Reference)

There is an existing structure on the property (built in 1986), previously used as dormitory housing.
The building is in a dilapidated condition and is not considered suitable for continued use.


Important Notes

  • Property is best suited for redevelopment
  • Setback requirements apply on south and east sides
  • Partial designation under planned road expansion
  • Located within a river-related zone (confirmation required)
  • Buyers are advised to conduct due diligence regarding building regulations and redevelopment feasibility

<Intermediary 媒介>

Address: 38 Karuizawahigashi, Karuizawa-machi, Nagano
Area:
Prefecture:
Zip: 389-0104
Country: Japan
Property Id : 27983
Price: ¥ 124,000,000
Property Lot Size: 257 m2
Access: 10-minute walk to Karuizawa Station
Year Built: 1986
Zoning: Type 1 Residential Zone
Status: Vacant
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