Freestanding Retail
For Sale
$400,000
287 W Pike Street, Lawrenceville, GA 30046
Commercial Sale, Lawrenceville, GA
Property Size2,600 SF
Lot Size0.26 Acres
Price / SF$153.85
Days on Market239
Property Features for 287 W Pike Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GB
Parking
10
Appliances
Electric Water Heater
Directions
GPS Friendly
Standard status
Active
APN
R5146E009
Size
2,600 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
x
Legal Description
x
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Concrete
Roof type
Composition
Listing Agency:
Virtual Properties Realty
(770) 495-5050
Listed By:
Jacob Blickenstaff · License #384940
(404) 281-5002
Added: Feb 13
Changed: Sep 12
Last Checked: Oct 10 at 7:06AM
MLS# CL350851
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding retail property contains 2,600 square feet on a 0.26-acre parcel and was constructed in 1980. The building has an existing commercial build-out, concrete construction, a composition roof, central air, and central electric heat. Public water and public sewer serve the property, while an electric water heater is installed.
The property fronts W. Pike Street in Lawrenceville, Georgia, within Gwinnett County. Approximately 10 parking spaces are provided, and GB—General Business zoning supports retail and office uses. The existing improvements offer a functional setting for continued commercial occupancy.
The property fronts W. Pike Street in Lawrenceville, Georgia, within Gwinnett County. Approximately 10 parking spaces are provided, and GB—General Business zoning supports retail and office uses. The existing improvements offer a functional setting for continued commercial occupancy.
Key Highlights
- 2,600 SF freestanding building on 0.26 acres
- GB—General Business zoning supports retail and office uses
- Located along W. Pike Street in Lawrenceville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,205
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,100
$604.1K
Cap Rate 7%
$431,500
$431.5K
Cap Rate 9%
$335,611
$335.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$46.8K $18.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$43.1K $16.60/SF
− OpEx
−$12.9K −$4.98/SF
NOI
$30.2K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,100
Cap Rate 7%
$431,500
Cap Rate 9%
$335,611
Alternative Uses
Best Use
Retail
$431.5K
$377.6K – $503.4K
NOI $30,205 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.8K
$636.0K – $847.9K
NOI $50,876 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 30046, GA
40,227
Population
14,356
Households
2.8
Avg Household Size
34
Median Age
26%
College-Educated
84%
High-School Grad
15.8 sq mi
ZIP Area
2,546
Density / Sq Mi
$63,379
Median Household Income
$36,962
Median Earnings
$1,488
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Existing commercial build-out with parking supports retail or office occupancy in a freestanding format.
Where is this retail space located?
The property is located at 287 W Pike Street Lawrenceville, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,600 SF freestanding building on 0.26 acres; GB—General Business zoning supports retail and office uses; Located along W. Pike Street in Lawrenceville
