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    541 Mary Lou St Suwanee, GA 30024

    For Sale
    $950,000

    Prime Suwanee location, live/work opportunity, high visibility.

    Property size:
    1,484 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1,484 square foot mixed-use property, situated on a half-acre lot at 541 Mary Lou Street in Suwanee, Georgia, presents a unique investment opportunity. Zoned partially residential (R-100) and partially commercial (C-2), it offers unparalleled flexibility. The property boasts a charming 2-bedroom, 1-bathroom home featuring a sunroom, office, living room, kitchen, and dining area – ideal for a professional office or residence. A newer detached 2-car garage includes a full second-story apartment/in-law suite, providing additional living space or rental income. Two additional storage outbuildings offer ample storage. The property benefits from high visibility overlooking Buford Highway, ensuring excellent business exposure. Its prime location is just a 0.3-mile walk from the vibrant Suwanee Town Center, offering easy access to concerts, festivals, restaurants, shops, a farmers market, and numerous year-round events. Residents and businesses also enjoy proximity to the 6.5-mile Suwanee Greenway. Located in the award-winning North Gwinnett School District, this property provides convenient access to I-85. The property is being sold "as is," and the seller is still accepting backup offers. This property presents endless possibilities for a live/work arrangement, multi-family dwelling, multi-business operation, or rental income generation. Don't miss this chance to realize your dreams in this thriving Suwanee community.

    Property Features for 541 Mary Lou St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,484 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suwanee
    County
    Gwinnett - GA
    State
    Georgia
    Longitude
    -84.07087
    Latitude
    34.05211

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Suwanee location, live/work opportunity, high visibility.
    Where is this mixed-use property located?
    The property is located at 541 Mary Lou St Suwanee, GA.
    What is the asking price?
    The asking price for this property is $950,000.
    (678) 775-2600
    Request Owner's contact information
    541 Mary Lou St Suwanee, GA 30024
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    Suwanee, GA 30024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    541 Mary Lou St Suwanee, GA 30024
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