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    5506 Buford Hwy Norcross, GA 30071

    Sponsored
    For Lease
    $128,500

    1.4-acre commercial lot, high traffic

    Lot size:
    60,984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.4-acre commercial land parcel presents a unique ground lease opportunity in the thriving Norcross, GA market. Located at 5506 Buford Highway, this property boasts over 200 feet of frontage on Buford Highway and convenient access via Beaver Ruin Road. The high-traffic location benefits from approximately 40,000 vehicles daily on Buford Highway and 30,000 vehicles daily on Beaver Ruin Road, ensuring significant visibility and accessibility for any future development. The property is zoned BH - Buford Highway commercial, and currently features an approximately 8,000 square foot building which may be demolished to accommodate new construction. This presents a blank canvas for a wide range of commercial ventures. The site's strategic location within a revitalizing downtown Norcross area, serving a population of 29,000 within a 3-mile radius and boasting an average household income exceeding $90,000, makes this an attractive investment. The property's APN is R6242 099. This is a single-tenant property ideal for long-term ground lease arrangements. Don't miss this chance to secure a prime location in a rapidly growing area.

    Property Features for 5506 Buford Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,984 SF
    Total Rate
    128500

    Unit(s) available at that property

    Space
    Size
    60,984 SF
    Rate per SF
    $128,500

    HighLights

    • 1.4‑acre commercial parcel available for a long‑term ground lease.
    • Buford Highway commercial zoning (BH).
    • Over 200 feet of frontage on Buford Highway.
    • High traffic counts: 40,000+ vehicles on Buford Hwy and 30,000+ on Beaver Ruin Rd.
    • Driveway access from Beaver Ruin Road.
    • Densely populated area with 29,000+ residents and $90,000+ average household income within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atlanta Auto Max ... Used Car Dealer Bimmer Auto Sale ... Auto Broker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2043218
    Latitude
    33.944014

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    FAQs

    What type of property is this?
    Land - 1.4-acre commercial lot, high traffic
    Where is this land located?
    The property is located at 5506 Buford Hwy Norcross, GA.
    What is the lease rate?
    The lease rate is $128,500.
    What are key features of this property?
    This property features: 1.4-acre commercial parcel available for a long-term ground lease.; Buford Highway commercial zoning (BH).; Over 200 feet of frontage on Buford Highway.
    Request Owner's contact information
    5506 Buford Hwy Norcross, GA 30071
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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
    5506 Buford Hwy Norcross, GA 30071
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