As the problems caused by rapid urbanization and reckless urban development were raised, Transit Oriented Development (TOD), an eco-friendly and sustainable complex development centered on public transportation, is being developed in urban railway station areas in metropolitan Korea. Hence, it is deemed necessary to evaluate the development potential for areas where urban development is required and find ways to efficiently utilize the urban space. However, although the Seoul Government’s urban master plan classified the spatial structure according to the central system for balanced regional development, due to the large size of the area, there is a limit on the development area suitable for the characteristics of a small area such as a single station. This study aims to evaluate the development potential of the station area of Seoul Metro Line 2 based on the current maximum capacity of public transportation and land characteristics. Furthermore, it aims to devise a method for the efficient utilization of urban space by reorganizing the existing central system. Through the analysis, we found station areas that required further development and confirmed the need for the expansion of the central system and addition of a hub. Specifically, in the case of Dongbuk (North-eastern region), there were a total of four metro lines in Wangsimni and significant traffic demand. However, compared to four other regions, overall development indicators were low. Thus, it is necessary to have additional development based on Konkuk University and Seongsu, which have sufficient transportation capacity. This study is expected to contribute to balanced regional development by evaluating the development potential of TODs based on the current development capacity of the station area Metro Line 2 and propose a reorganization of the central system of the “2030 Seoul Plan,” the urban master plan of Seoul.