Analysis of Shinnonhyeon Station Golden Location 30 Billion Won Building: Investment Strategy Revealed for Gangnam-daero Backstreet Building (ft. Gangnam-daero Backstreet, Corner Building, Potential for New Construction)
A case study of a small building transaction in the 30 billion Won range located on the backstreet corner of Gangnam-daero near Shinnonhyeon Station in Seoul is a hot topic among investors. What is the secret to investment success for this building, which is like a 'golden goose', despite the high investment amount? As if following a 'treasure map', let's uncover the success story of discovering the hidden value of this small building.
Shinnonhyeon Station Ultra-Station Area, Gangnam-daero Backstreet Corner 'Best Location'
The first secret to successful investment is securing the 'best location'. This small building is located within walking distance of Shinnonhyeon Station on Line 2 and is situated on the backstreet corner of Gangnam-daero. This provides excellent accessibility and visibility, making it an optimal condition for expecting high rental income and capital gains. Like a 'golden line', the Shinnonhyeon Station ultra-station area and the Gangnam-daero backstreet corner are key factors guaranteeing stable investment returns.
Key Features and Location Analysis:
- Shinnonhyeon Station Ultra-Station Area: Excellent accessibility
- Gangnam-daero Backstreet Corner: High visibility and foot traffic
- Golden Line: Guarantee of stable investment returns
136 Pyeong Large Land, Maximizing 'Potential for New Construction' of a Corner Building
The second secret to success is utilizing the characteristics of a 136-pyeong large land and a corner building. A large plot and a corner building mean the potential for diverse design and space utilization during future new construction, which further enhances the building's value. Like a 'canvas', a large plot and a corner building provide optimal conditions for realizing the investor's creative ideas.
- 136 Pyeong Large Land: Diverse utilization possibilities
- Corner Building: Excellent openness and accessibility
- Canvas: Investor's creativity can be realized
Optimized for F&B Stores, Expected High Rental Income
The third secret to success is the ability to select and attract diverse tenant types, such as F&B stores. The area around Shinnonhyeon Station has high foot traffic and various commercial districts, making it optimal for F&B store operations. Therefore, high rental income can be expected by diversifying tenant types. Like a 'master key', attracting diverse tenant types is a key factor in generating stable rental income.
- Optimized for F&B Stores: Expected high rental income
- Diverse Tenant Types: Generating stable income
- Master Key: Maximizing rental income
High Land Value, Expected Future Capital Gains
The fourth secret to success is the high land value. This small building was transacted at approximately 3.48 times the official standard land price (공시지가). This indicates that the land value is high, which is a factor for expecting future capital gains. Like a 'golden rough stone', high land value is a key factor in maximizing investment returns.
- High Land Value: Expected capital gains
- High Price Relative to Official Standard Price: Proving investment value
- Golden Rough Stone: Maximizing investment returns
Future Investment Strategy and Precautions
This small building is an attractive investment property where building value can be further increased and rental income maximized through new construction. Also, long-term investment returns can be expected considering changes in the surrounding commercial area. However, investing in small buildings requires a comprehensive consideration of various factors such as location, zoning district, and surrounding commercial area, and seeking expert assistance is important. Like a 'compass towards success', thorough analysis and planning are essential conditions for successful investment.
The building at Nonhyeon-dong 199-24, Gangnam-gu, was sold in February 2025.
※ Transaction Details
- Location: Gangnam-gu Nonhyeon-dong 199-24
- Subway Station: Shinnonhyeon Station
- Transaction Date: February 2025
- Sale Price: 30.0 billion Won
- Land Price (Per Pyeong): 220.19 million Won
- Land Area: 136.25 pyeong (450.4㎡)
- Building Area (Total Floor Area): 275.35 pyeong (910.24㎡)
- Zoning District: Third Class General Residential Zone
- Floors: B1F ~ 3F
- Road Condition: 8m*4m Corner
- Year of Completion: 1983.08.25
- Official Standard Land Price (공시지가): Approx. 63.31 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 3.48 times