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    Snellville Commercial Property For Sale Title is generated by Realmo AI

    2149 Scenic Highway, Snellville, GA 30078

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    Commercial property in downtown Snellville with high visibility.

    Type:Retail, Office
    Property size:
    2,032 SF
    Lot size:
    0.95 Acres
    Price / SF:
    $172/SF
    Added:
    Jul 13, 2024
    Days on Market:
    723
    Last Refresh:
    May 12 at 9:46 pm

    Property Features for 2149 Scenic Highway

    General Information

    Standard status
    Active
    Size
    2,032 SF
    Lot size
    0.95 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1950

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    Darlene E Phillips

    Listing office Darlene Phillips Real Estate

    Listing date Jul 13, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Darlene Phillips Real Estate

    HighLights

    • High Visibility Location on Hwy 124 with 271' Road Frontage
    • Zoned BN (Business Neighborhood) for Versatile Use
    • High Traffic Area in Downtown Snellville
    • .95 +/- Acre Lot
    • Existing Sign for Immediate Advertising
    • Proximity to United Community Bank, Vet Hospital, and Snellville Pavilion

    Overview

    Located in downtown Snellville, this commercial property is situated on approximately 0.95 acres. Zoned BN, the property features about 271 feet of road frontage on Highway 124. The 2,032 square foot property was previously used as a flower shop. An existing sign is present. The location offers high visibility due to substantial traffic. It is located across the street from United Community Bank and a veterinary hospital, and adjacent to Snellville Pavilion, making it suitable for a new business seeking a prominent location.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $48.5k $23.87
    − Vacancy −$12.2k −$6.02
    EGI $36.3k $17.85
    − OpEx −$9.1k −$4.46
    NOI $27.2k $13.39
    2,032 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $388.7K
    $340.1K – $453.5K (±1% cap)
    NOI $27,211 @ 7.0% cap · market cap 7.77%
    Second Best
    Retail
    $337.2K
    $295.1K – $393.4K (±1% cap)
    NOI $23,606 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Office A
    $568.0K
    $497.0K – $662.7K (±1% cap)
    NOI $39,762 @ 7.0% cap · market cap 11.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Electronics & Wireless Store Electrical Service Bed & Breakfast Restaurant Garden Center Mobile Phone Store Locksmith Tanning Salon Farmer's Market Parking Lot & Garage

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

    Similar Places Nearby

    • SILK FLORAL PARTY — Snellville, GA 30078
    • Flowers By Keona — 2140 McGee Rd SW Ste A3600, Snellville, GA 30078
    • Snellville Florist — 2320 A, Henry Clower Blvd SW, Snellville, GA 30078

    Location Insight

    • Map
    • Local Demand
    City
    Snellville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0185263
    Latitude
    33.8632511

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    FAQs

    What type of property is this?
    Storefront property - Commercial property in downtown Snellville with high visibility.
    Where is this storefront property located?
    The property is located at 2149 Scenic Highway Snellville, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High Visibility Location on Hwy 124 with 271' Road Frontage; Zoned BN (Business Neighborhood) for Versatile Use; High Traffic Area in Downtown Snellville
    (770) 972-1500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Darlene E Phillips
    Real Estate License ID: 17235
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