'Quadruple Station Area' New Building Listings on Main Roads near Hongdaeipgu and Hapjeong Stations

Al Square "Built on a Rare Commercial Site in Seoul Hongdae Area"
Al Square and Cushman & Wakefield Lead Sale

A newly constructed building with excellent location benefiting from the 'quadruple' station area of Seoul Subway Lines 2 and 6, Airport Railroad, and Gyeongui-Jungang Line, as well as the vibrant commercial districts of Hongdaeipgu and Hapjeong, the center of consumer trends, has come onto the market.

RSquare is putting up for sale a land parcel of 477.40㎡ located at 371-13 Seogyo-dong, Mapo-gu, Seoul, along with a building with a total floor area of 2,835.37㎡. Photo of the property rendering (Provided by RSquare)

Commercial real estate data company RSquare announced on the 23rd that it is selling a land parcel of 477.40㎡ and a building with a total floor area of 2,835.37㎡ located at 371-13 Seogyo-dong, Mapo-gu, Seoul.

This property is situated within walking distance of Hongdaeipgu Station, which serves Seoul Subway Line 2, the Gyeongui-Jungang Line, and the Airport Railroad, as well as Hapjeong Station, a transfer station for Seoul Subway Lines 2 and 6. It boasts excellent public transportation accessibility and is located in an area densely populated with shared offices, medical clinics, and financial sector businesses.

It is a rare neighborhood commercial area within the Hongdae commercial district. The site area is 477.40㎡ (approximately 144.41 pyeong), and the total floor area is 2,835.37㎡ (approximately 857.70 pyeong), designed as a small to medium-sized office building. It features an efficient floor plan, high ceiling height, and ample parking space, making it optimized for use as a corporate office. The construction is in its final stages, with usage approval expected in June 2023.

Considering that commercial land within the Hongdae district is only available along the Yanghwa-ro main road, this is a rare commercial site with the maximum floor area ratio applied to a mixed-use facility. As the Hongdae commercial district revitalizes, the value of this property is expected to increase.

RSquare and Cushman & Wakefield are acting as the sales agents. Letters of intent to purchase are being accepted, and a preferred negotiation partner will be selected within June.

RSquare stated, "There is significant interest from corporations with office building needs," adding, "As a newly constructed office building on a rare commercial site in the Hongdae area, it has high investment attractiveness and is expected to sell quickly."