Unveiling the Lucrative Investment: Suyou Station Small Building Sold for 3 Billion Won! Secure a 100 Pyeong Prime Location for Redevelopment. (ft. Mixed-Use Zone, Scarcity, Vacant Possession)
A small building near Suyou Station in Gangbuk-gu, Seoul, has captured the attention of the real estate market with its sale for 3 billion won. Located within a 10-minute walking distance from both Suyou Station (Line 4) and Hwagye Station (Ui Sinseol Line), this property boasts a combination of rare location advantages and diverse benefits, making it an irresistible investment for savvy buyers.
Suyou Station Prime Location Corner Building, High Redevelopment Value
In February 2025, the building at 48-81 Suyou-dong was sold for 3 billion won. Situated in a double-station area, with both Suyou and Hwagye stations accessible within 10 minutes on foot, this property features a site area of 97.01 pyeong and a total floor area of 251.08 pyeong, spanning from basement 1 to ground floor 5. The transaction, completed in February 2020, was priced at a competitive 30 million won per pyeong. This "hidden gem" represents a unique and attractive investment opportunity in the Suyou Station small building market.
- 10-minute walk to Suyou, Hwagye Stations: Double-station accessibility
- Site Area 97.01 pyeong: Ample space for versatile use
- 30 Million Won per Pyeong: Competitive pricing, enhanced investment appeal
High Residential Demand in Suyou-dong, Stable Commercial Area & Increased Redevelopment Demand
The Suyou Station area is characterized by high residential demand and a stable commercial environment. With numerous new officetel developments and a concentration of educational facilities, including Duksung Women's University, Seoul Cyber University, and various elementary and secondary schools, the area offers a robust commercial base catering to both residential and educational needs. Suyou-dong is a "hotspot" attracting a diverse demographic, from young adults to middle-aged residents.
- High Residential Demand: Stable commercial area
- Diverse Demographic Influx: Active commercial activities
- Suyou-dong Hotspot: High investment value
6m*4m Corner Location, Enhanced Visibility & Development Potential
The building's location on a 6m*4m corner enhances visibility and maximizes street frontage for potential redevelopment. Additionally, the seller's offer of vacant possession simplifies the redevelopment process for the buyer. This "golden location" combined with favorable terms adds to the building's appeal.
- 6m*4m Corner Location: High visibility and accessibility
- Vacant Possession: Streamlined redevelopment process
- Golden Location: High investment value
Mixed-Use Small Building, 60% Coverage Ratio & 700% Floor Area Ratio for Development
Classified as a general commercial zone, the building allows for a coverage ratio of 60%, a base floor area ratio of 550%, and a maximum floor area ratio of 700%, with a height limit of 80m. These favorable development conditions enable investors to maximize building scale, potentially constructing a building with approximately 680 pyeong of above-ground floor area.
- General Commercial Zone: High floor area ratio and coverage ratio
- Maximum 680 Pyeong Construction Possible: High potential returns
- Lucrative Investment: Profit generation and property value appreciation
Investment Analysis and Conclusion
This Suyou Station small building transaction represents a compelling investment opportunity, offering a combination of prime location, competitive pricing, redevelopment potential, and favorable lease terms. As the Suyou-dong area continues to develop, it is expected to attract increasing investor interest.
