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    519 Lawrenceville St Norcross, GA 30071

    Sponsored
    For Sale
    $5,650,000

    25-Unit Senior Living Facility, $5.65M

    Property size:
    10,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 25-unit personal care home, situated on 0.82 acres in Norcross, Georgia, presents a compelling investment opportunity. The 10,820 square foot, two-story building, constructed in 1987 and extensively renovated in 2024, boasts 24 personal care units and one respite suite, each with a private bathroom. Currently, 19 of the 25 units are occupied. The property features an elevator, an activity room, a patient call system, and updated LED lighting throughout. Seventeen units have undergone recent renovations, and the roof has been recently replaced. Security measures include electronic gate locks and video cameras, making it suitable for memory care. Located at 519 Lawrenceville St NW, this property benefits from high visibility on Buford Highway, with a daily traffic count of 44,282 vehicles. Its convenient location offers easy access to major highways while maintaining a quiet, residential setting in Norcross, a historic city in Gwinnett County. The property is zoned O-I and has a Gwinnett County APN of R6255-093. The asking price is $5,650,000. Please note that the property is fully furnished. Do not disturb tenants or management.

    Property Features for 519 Lawrenceville St

    General Information

    Property type
    Retirement homes
    Square Feet
    10,820 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built/Renovated
    1987/2024
    Buildings
    1
    Stories
    2
    Units
    25

    HighLights

    • Recently renovated in 2024.
    • 25 Units: 24 personal care units and 1 respite suite.
    • Licensed for 24 beds.
    • Each unit features a private bathroom and shower, living area, and closet.
    • Amenities include an activity room, patient call system, two guest half baths, and updated LED lighting.
    • Fully furnished, situated on 0.82 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Enrich @ 519 - Senior ... Assisted Living Facility Teils Recreation Center Counselor

    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
    -84.204403083089
    Latitude
    33.945462793154

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    FAQs

    What type of property is this?
    Retirement home - 25-Unit Senior Living Facility, $5.65M
    Where is this retirement home located?
    The property is located at 519 Lawrenceville St Norcross, GA.
    What is the asking price?
    The asking price for this property is $5,650,000.
    What are key features of this property?
    This property features: Recently renovated in 2024.; 25 Units: 24 personal care units and 1 respite suite.; Licensed for 24 beds.
    (404) 876-1640
    Request Owner's contact information
    519 Lawrenceville St Norcross, GA 30071
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    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
    519 Lawrenceville St Norcross, GA 30071
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