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Downtown Lawrenceville Office Building

245 W Crogan Street, Lawrenceville, GA 30046

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For Sale

$1,080,000

Stand-alone office building in downtown Lawrenceville on a corner lot.

Type:Commercial/Industrial

Property size:

4,465 SF

Lot size:

0.51 Acres

Price / SF:

$241/SF

HighLights

Prime downtown Lawrenceville location on a high‑visibility corner lot with access from two streets and a lighted intersection.
Handicapped accessibility including parking and entry.
Sixteen paved parking spaces, including handicap spaces.
Versatile layout featuring multiple executive offices, conference rooms, reception area, kitchen, and IT room.
Zoned General Office, currently used as professional office space.
Owner‑occupied, no current leases.

We can help!

Contact an agent

TIM K HINTON

For Sale

$1,080,000

Stand-alone office building in downtown Lawrenceville on a corner lot.

Type:Commercial/Industrial

Property size:

4,465 SF

Lot size:

0.51 Acres

Price / SF:

$241/SF

Added:: Nov 22, 2024
Days on Market:: 590
Last Refresh:: May 19 at 9:41 pm

Property Features for 245 W Crogan Street

General Information

Standard status: Active
Size: 4,465 SF
Lot size: 0.51 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1996

We can help!

Contact an agent

TIM K HINTON

Listing office REMAX Center

Listing date Nov 22, 2024

Source Exitrealty

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 REMAX Center

HighLights

Prime downtown Lawrenceville location on a high‑visibility corner lot with access from two streets and a lighted intersection.
Handicapped accessibility including parking and entry.
Sixteen paved parking spaces, including handicap spaces.
Versatile layout featuring multiple executive offices, conference rooms, reception area, kitchen, and IT room.
Zoned General Office, currently used as professional office space.
Owner‑occupied, no current leases.

Overview

This stand-alone, single-story office building is owner-occupied and located in the heart of downtown Lawrenceville. Situated on a half-acre corner lot, the property offers access from both W Crogan St and Culver St, benefiting from high visibility and traffic count at a lighted intersection. The building features two executive offices, each including a secretarial office and small conference rooms, a large lobby with a receptionist area, a large conference room, and a secondary office with a secretarial office and individual office. Additional spaces include a storage room, IT room, kitchen, and restrooms. The executive offices are equipped with built-ins, heavy trim, and saltwater aquariums. The building has a double front entry, a tile reception area, and a stucco and rock exterior. Paved parking is available with 16 spaces, including handicap spaces, and the building provides handicapped entry and accessibility. The current zoning is General Office, and the current use is professional office space. The property has 4,465 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$106.6k	$23.87
− Vacancy	−$26.9k	−$6.02
EGI	$79.7k	$17.85
− OpEx	−$19.9k	−$4.46
NOI	$59.8k	$13.39

4,465 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$854.2K

$747.4K – $996.5K (±1% cap)

NOI $59,791 @ 7.0% cap · market cap 5.54%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,370 @ 7.0% cap · market cap 8.09%

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

Property Profile Location Intelligence

Current Use by Public Records

Lawrence L Washburn ... Law Firm Anderson Michael J Law Firm Butler Kahn - Personal ... Law Firm Moore John O Law Firm Leonard Goldstein Attys ... Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Lawrenceville
County: Gwinnett
State: Georgia
Longitude: -83.9914
Latitude: 33.9564

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For sale
Office buildings
GA
Lawrenceville
30046
245 W Crogan Street

What type of property is this?

Office building - Stand-alone office building in downtown Lawrenceville on a corner lot.

Where is this office building located?

The property is located at 245 W Crogan Street Lawrenceville, GA.

What is the asking price?

The asking price for this property is $1,080,000.

What are key features of this property?

This property features: Prime downtown Lawrenceville location on a high‑visibility corner lot with access from two streets and a lighted intersection.; Handicapped accessibility including parking and entry.; Sixteen paved parking spaces, including handicap spaces.