KRW 26 Billion
Approx. 6-Minute Walk to Seolleung & Seonjeongneung Stations · 3 Subway Lines · Approx. 88 Pyeong Land · 2018 Completion
Property Overview
| Category | Details |
|---|---|
| Asking Price | KRW 26 Billion |
| Land Area | Approx. 291.1㎡ / 88.1 Pyeong |
| Gross Floor Area (GFA) | Approx. 937.32㎡ / 283.5 Pyeong |
| Building | 6 Floors Above Ground + 1 Basement |
| Property Type | Neighborhood Commercial Facility |
| Zoning | Third-Class General Residential Area |
| Structure | Reinforced Concrete |
| Completion Date | July 10, 2018 |
| Main Entrance Orientation | Southwest |
| Parking | 8 Spaces |
| Restrooms | 8 |
| Occupancy | Immediately Available |
| Building Violation | None Reported |
Prime Gangnam Business Location
Located in Yeoksam-dong, Gangnam, this building is positioned within walking distance of both Seolleung Station and Seonjeongneung Station.
The location provides access to Seoul Subway Line 2, Line 9, and the Suin–Bundang Line, offering convenient connectivity to major business districts throughout Gangnam and Seoul.
The surrounding area is one of Gangnam’s established office districts, with a concentration of corporate offices, commercial facilities, and professional businesses.
Key Investment Highlights
01. Access to Three Subway Lines
The property benefits from access to Lines 2 and 9 and the Suin–Bundang Line, with both Seolleung and Seonjeongneung Stations within approximately a 6-minute walk.
This connectivity is particularly relevant for office-oriented tenants and businesses seeking convenient access for employees and clients.
02. Approx. 88-Pyeong Land Parcel
With approximately 291.1㎡ (88.1 pyeong) of land and approximately 937.3㎡ (283.5 pyeong) of GFA, the property offers a meaningful land component within a prime Gangnam business district.
03. 2018-Built Building
Completed in 2018, the reinforced-concrete building is relatively modern compared with many existing buildings in central Gangnam.
Its relatively recent construction may allow investors to evaluate the property with lower near-term renovation requirements compared with older assets, subject to actual building and facility inspections.
04. Main-Road Exposure
The property is located along a major road, providing strong visibility and convenient vehicle access.
This may be advantageous for commercial and office uses where accessibility and building exposure are important considerations.
05. Flexible Commercial Use
The building is currently classified as a Neighborhood Commercial Facility, allowing investors to consider various office and commercial uses subject to applicable zoning, building regulations, licensing requirements, and approvals.
Price & Investment Considerations
The asking price is KRW 26 Billion.
Based on the provided listing information:
- Approx. Land Price: KRW 306.6 million per pyeong
- Approx. Price per Pyeong of GFA: KRW 95.2 million
For investment analysis, the property’s value should be evaluated beyond the official assessed land value. Key factors include comparable transactions, achievable rental levels, operating expenses, expected yield, underlying land value, and potential future development or repositioning opportunities.
Suitable For
- Investors seeking a Gangnam office or commercial building
- Buyers looking for access to Seolleung and Seonjeongneung Stations
- Investors prioritizing a relatively modern building
- Buyers seeking an approximately 88-pyeong land parcel
- Owner-users seeking a well-connected building in Gangnam
- Investors considering long-term ownership of a prime Gangnam asset
Asking Price
KRW 26 Billion
A 2018-built commercial building in Yeoksam-dong, offering approximately 88 pyeong of land and 283 pyeong of GFA, with convenient access to Seolleung and Seonjeongneung Stations and three subway lines.
Aman Real Estate provides detailed information on lease conditions, comparable transactions, rental levels, investment analysis, and on-site property conditions.
AMAN REAL ESTATE
Gangnam Property Brokerage · Buildings · Commercial · Land
Disclaimer
All property information is based on available listing materials and may be subject to change. Zoning, permitted uses, lease conditions, development potential, building condition, licensing requirements, and other legal or technical matters should be independently verified through official documents, relevant authorities, and professional due diligence before entering into any transaction.
