KRW 14 Billion
Main-Road Frontage · Approx. 7-Minute Walk to Apgujeong Station · Approx. 42 Pyeong Land · Approx. 118 Pyeong GFA
Property Overview
| Category | Details |
|---|---|
| Asking Price | KRW 14 Billion |
| Land Area | Approx. 138.9㎡ / 42.0 Pyeong |
| Gross Floor Area (GFA) | Approx. 390㎡ / 118.0 Pyeong |
| Building | 4 Floors Above Ground + 1 Basement |
| Property Type | Neighborhood Commercial Facility |
| Completion Date | October 11, 1984 |
| Main Entrance Orientation | Northwest |
| Restrooms | 4 |
| Occupancy | Immediately Available |
| Building Violation | None Reported |
Prime Sinsa Location
Located on a main road in Sinsa-dong, Gangnam, this compact commercial building offers strong visibility and convenient accessibility.
Apgujeong Station on Seoul Subway Line 3 is approximately a 7-minute walk away, while the property also benefits from proximity to the established commercial areas of Garosu-gil and Dosan-daero.
With direct main-road exposure, the property offers strong street visibility and may be suitable for a combination of retail, showroom, office, or other commercial uses, subject to applicable regulations.
Key Investment Highlights
01. Main-Road Exposure
The building directly fronts a major road, providing strong visibility and convenient vehicle and pedestrian access.
This road exposure can be particularly relevant for retail, showroom, branding, and customer-facing commercial uses.
02. Garosu-gil & Dosan-daero Commercial District
The property is located within the broader Sinsa–Garosu-gil–Dosan-daero commercial and lifestyle district, one of Gangnam’s established retail and business areas.
The surrounding environment provides access to a diverse mix of retail, dining, office, lifestyle, and professional services.
03. Approx. 42-Pyeong Land Parcel
The property offers approximately 138.9㎡ (42.0 pyeong) of land and approximately 390㎡ (118.0 pyeong) of GFA.
Its relatively compact scale may be suitable for investors looking to acquire a smaller commercial asset in a prime Gangnam location.
04. Value-Add Potential Through Renovation
Completed in 1984, the building may offer an opportunity to improve its commercial competitiveness through façade and interior renovation.
Potential strategies could include a street-level retail or flagship space combined with offices, studios, or showroom uses on the upper floors.
The feasibility of structural changes, renovation scope, and permitted uses should be reviewed separately based on the building’s current condition and applicable regulations.
05. Walking Distance to Apgujeong Station
The property is approximately 7 minutes on foot from Apgujeong Station, providing convenient access to Seoul’s Line 3 network.
Its location also allows users to access the surrounding Sinsa, Apgujeong, Garosu-gil, and Dosan-daero districts.
Value-Add & Investment Strategy
Rather than focusing solely on the property’s current income profile, investors may consider a value-add strategy involving:
Acquisition → Renovation → Improved Leasing Competitiveness → Potential Rental & Asset Value Enhancement → Future Exit
Actual investment performance will depend on the acquisition price, renovation costs, financing costs, vacancy period, achievable rents, and market conditions.
A detailed review of comparable transactions, local rental levels, renovation costs, and projected investment returns is recommended before acquisition.
Suitable For
- Investors seeking a commercial building in Sinsa-dong
- Buyers looking for a main-road property in Gangnam
- Investors targeting the Garosu-gil and Dosan-daero area
- Buyers considering a renovation/value-add strategy
- Owner-users seeking a compact commercial building
- Investors seeking long-term exposure to a prime Gangnam location
Asking Price
KRW 14 Billion
Main-road Sinsa-dong building · Approx. 42 pyeong land · Approx. 118 pyeong GFA · Approx. 7-minute walk to Apgujeong Station
A compact commercial asset in a prime Gangnam location, offering both main-road visibility and potential for future repositioning through renovation.
Aman Real Estate provides detailed information regarding comparable transactions, rental levels, renovation considerations, potential uses, projected returns, and on-site 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, renovation feasibility, development potential, lease conditions, 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.
