Commercial Land with Highway
For Sale
$325,000
2429 Scenic Highway, Snellville, GA 30078
Commercial Sale, Snellville, GA
Property Size1,360 SF
Lot Size5.14 Acres
Price / SF$238.97
Days on Market139
Property Features for 2429 Scenic Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
4
Lot features
Level
Directions
Google and Apple Maps Accurate.
Standard status
Active
APN
R5006 004A
Size
1,360 SF
Lot size
5.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2723
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Amenities
barn/workshop
Building Details
Year built
1936
Flooring type
Hardwood
Building materials
Wood Siding
Additional Structures
Workshop
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(678) 487-1600
Listed By:
Tiffney Riffle · License #401816
(470) 286-2912
Added: Jun 15
Changed: Oct 16
Last Checked: Oct 31 at 9:06PM
MLS# 10786093
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5.14-acre commercial land tract includes a 1936 wood-sided home with hardwood flooring and wall-unit cooling, along with a large barn/workshop structure. The existing improvements provide functional structures on the site, while the property’s RS-180 residential zoning governs current use. Public sewer is available at the road, and public water serves the property.
Located at 2429 Scenic Highway in Snellville, the site has over 400 feet of frontage along Scenic Highway 124 and is positioned near the intersection with U.S. Route 78. Townhomes are located behind the property, while an adjacent home has been converted to salon/business use. The rear portion borders a creek and includes some floodplain, an important consideration for future site planning.
Located at 2429 Scenic Highway in Snellville, the site has over 400 feet of frontage along Scenic Highway 124 and is positioned near the intersection with U.S. Route 78. Townhomes are located behind the property, while an adjacent home has been converted to salon/business use. The rear portion borders a creek and includes some floodplain, an important consideration for future site planning.
Key Highlights
- 5.14 acres along Scenic Highway 124 in Snellville
- Over 400 feet of road frontage
- RS‑180 residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,212
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,240
$364.2K
Cap Rate 7%
$260,171
$260.2K
Cap Rate 9%
$202,356
$202.4K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$32.5K $23.87/SF
− Vacancy
−$8.2K −$6.02/SF
EGI
$24.3K $17.85/SF
− OpEx
−$6.1K −$4.46/SF
NOI
$18.2K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,240
Cap Rate 7%
$260,171
Cap Rate 9%
$202,356
Alternative Uses
Best Use
Office B
$260.2K
$227.7K – $303.5K
NOI $18,212 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.2K
$332.7K – $443.5K
NOI $26,612 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The property includes a vintage home and barn/workshop structure along an established commercial corridor.
Where is this commercial land located?
The property is located at 2429 Scenic Highway Snellville, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 5.14 acres along Scenic Highway 124 in Snellville; Over 400 feet of road frontage; RS‑180 residential zoning
