Busan Gwangalli Cafe Street 900 Million KRW Small Building Investment Analysis (ft. Income-Generating Real Estate, Small Investment, 2025 Transaction, Investment Strategy)
A small building located on Gwangalli Cafe Street in Millak-dong, Suyeong-gu, Busan, is attracting investors' attention with a transaction of 980 million KRW. As if it were a 'Busan Seagull', the heated Gwangalli investment market is full of enthusiasm. What kind of charm does this small building hold? Let's now uncover the hidden value of investing in small buildings.
Gwangalli Cafe Street Small Building, 980 Million KRW Transaction Information
In January 2025, the building at 35-3 Millak-dong, Suyeong-gu, Busan, was sold for 980 million KRW. This building, located near Suyeong Station, is a 2-story building above ground with a land area of 31.61 pyeong and a building area of 26.20 pyeong. Completed on January 10, 1973, the land price is 31 million KRW per pyeong, and the official land price (Gongsi Jiga) is 11.38 million KRW per pyeong.
- Location: 35-3 Millak-dong, Suyeong-gu, Busan
- Transaction Price: 980 Million KRW
- Land Area: 31.61 pyeong
- Building Area: 26.20 pyeong
- Completion Year: 1973.01.10
- Zoning Area: Semi-residential area
Adjacent to Gwangalli Cafe Street, Abundant Tourist Demand
The biggest appeal of this building is its proximity to Gwangalli Cafe Street, allowing it to secure a high floating population. Gwangalli Beach and Millak Waterfront Park are representative tourist attractions in Busan, visited by many people throughout the year. With a concentration of commercial facilities of various business types such as cafes, restaurants, and pubs, stable rental income can be expected.
- Adjacent to Tourist Attractions: High floating population
- Various Commercial Facilities: Stable rental demand
- High Profitability: Increased investment appeal
2-Story Building, Presenting Various Utilization Possibilities
This building is a 2-story building, presenting the possibility of various uses such as small shops, offices, or workshops. In particular, complex utilization using the first floor as a commercial facility and the second floor as a residential space or office can also be considered.
- 2-Story Building: Various uses possible
- Commercial & Residential Mix: Diversification of revenue models
- Unique Space Design: Secure tenant competitiveness
Considerations for Investment: Carefully Review Profitability and Future Development Plans
Gwangalli small building is an attractive investment target, but there are factors that need to be carefully considered before investing. As the building was completed in 1973, the degree of aging should be checked and remodeling costs estimated. Also, the trend of changes in the surrounding commercial area and future development plans should be carefully reviewed.
- Check Building Aging: Estimate remodeling costs
- Analyze Commercial Area Change Trend: Prepare for fluctuations in rental demand
- Review Surrounding Development Plans: Consider potential changes in investment value
Conclusion
The Gwangalli small building transaction case in Busan shows the possibility of generating high returns through small investments in the 900 million KRW range. However, factors such as location conditions, building condition, and surrounding commercial area changes should be fully considered before investing.
The building at 35-3 Millak-dong, Suyeong-gu, Busan, was sold in January 2025.
※ 거래내용
- 소재지: 부산시 수영구 민락동 35-3번지
- 지하철역: 수영역
- 거래일: 2025년 01월
- 매매가격: 9억 8000만 원
- 토지가격 (평당): 3100만원
- 대지면적: 31.61평(104.5㎡)
- 건물면적: 26.20평(86.62㎡)
- 용도지역: 준주거지역
- 층수: 지상2층
- 도로조건: 6m
- 준공년도: 1973.01.10
- 공시지가: 약 1138만원
- 공시지가 대비 토지가격: 약 2.72배