Busan Jeonpo Station 'Core Commercial Area' 1.5 Billion KRW Small Building Transaction Completed! Plus School District + Station Area Premium (ft. Jeonpo-dong Investment Value Analysis)
A small building located near Jeonpo Station in Jeonpo-dong, Busanjin-gu, Busan, bustling with youth and vitality, has been transacted for 1.572 billion KRW, receiving keen attention from investors. As if embracing a 'hotspot', the attractive location conditions of being a super-station area near Jeonpo Station and a school district, as well as being a 3-story income-generating building, are increasing its investment value. What kind of investment appeal does this building hold? From now on, we will uncover the hidden story of the Jeonpo Station small building transaction.
Jeonpo Station Super Station Area, a 'Hotspot' Full of Youth
This building is located a 3-minute walk from Jeonpo Station on Busan Subway Line 2, boasting excellent public transportation accessibility. Jeonpo-dong is a commercial area connected to Seomyeon, known for its large floating population of young people and a concentration of various restaurants and cafes. As if it were a 'Street of Youth', the lively atmosphere is expected to positively impact tenant attraction.
- Super Station Area: 3 minutes walk from Jeonpo Station on Subway Line 2
- Young Floating Population: Active various commercial facilities
- 'Hotspot' Commercial Area: High investment value
3-Story Income-Generating Building, Expecting Stable Rental Income
This building consists of a total of 4 floors, from basement 1st floor to ground 3rd floor, and is a new building completed in November 2021. Retail stores are located on the first floor, and general restaurants are located on the 2nd and 3rd floors, allowing for expectations of stable rental income. Also, with a yield of around 4.05%, it is an attractive condition for securing investment returns. As if it were a 'cash-generating machine', this building can bring returns to investors through stable monthly rental income.
- Size: B1 ~ 3F
- Stable Rental Income: Yield 4.05%
- Tenant Composition: Retail stores, general restaurants
- Building Type: Income-generating building
Considerations for Investment: Pay Attention to Future Commercial Area Changes
Jeonpo-dong boasts a high floating population due to its proximity to the Seomyeon commercial area, but it is also an area sensitive to commercial area changes. Therefore, when investing, it is necessary to carefully analyze the trend of changes in the surrounding commercial area and focus on tenant retention and vacancy rate management.
- Analysis of Commercial Area Change Trend: Preparation for changes in rental demand
- Tenant Retention and Vacancy Rate Management: Securing stable returns
- Expert Assistance: Establishment of a safe investment strategy
Conclusion
The small building near Busan Jeonpo Station is an attractive investment property from which excellent location conditions and stable rental income can be expected. However, it is necessary to make a cautious investment decision considering the possibility of building aging and commercial area changes.
The building at 347-8 Jeonpo-dong, Busanjin-gu, Busan, was sold in January 2025.
※ Transaction Details
- Location: 347-8 Jeonpo-dong, Busanjin-gu, Busan
- Subway Station: Jeonpo Station
- Transaction Date: January 2025
- Sale Price: 1.572 Billion KRW
- Land Price (Per Pyeong): 39.37 Million KRW
- Land Area: 39.93 pyeong (132㎡)
- Building Area: 88.11 pyeong (291.28㎡)
- Zoning Area: Zone 3 General Residential Area
- Floors: B1 ~ 3F
- Road Condition: 6m*6m corner
- Completion Year: 1987.09.05
- Official Land Price (Gongsi Jiga): Approx. 14.37 Million KRW
- Land Price vs. Official Land Price Ratio: Approx. 2.74 times
Transaction information for the 1.5 billion KRW building in Jeonpo Station, Busan.