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    555 Progress Center Ave Lawrenceville, GA 30043

    Sponsored
    For Sale
    $2,000,000

    Established Restaurant, Huge Potential, 2.32 Acres

    Property size:
    4,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 555 Progress Center Avenue in Lawrenceville, Georgia, presents a lucrative investment opportunity. The 4,612 square foot freestanding building, constructed in 1998, sits on a spacious 2.32-acre flat lot, offering significant expansion potential. Currently operating as a Country Food Cafeteria, the property's versatility is undeniable. Its adaptable layout and ample space make it ideal for a wide range of culinary concepts, including sports bars, buffets (country, sushi, or otherwise), or various ethnic restaurants (American, Chinese, Mexican, Italian, Japanese Steakhouse, or Asian Fusion). The substantial lot size allows for the construction of additional buildings, further enhancing the property's value and income potential. Located in Gwinnett County, Georgia, with a 30043 zip code, this property boasts a prime location with high visibility and accessibility. The asking price is $2,000,000. This is a rare chance to acquire a well-established business with significant upside in a thriving market. The property's size and location make it an attractive option for both investors and owner-operators seeking to establish or expand their business. Don't miss this opportunity to own a piece of Lawrenceville's vibrant culinary scene.

    Property Features for 555 Progress Center Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,612 SF
    Lot Size
    101,059 SF

    Building Details

    Year Built
    1998
    Buildings
    1

    HighLights

    • 4,612 SF freestanding building on a 2.32‑acre lot in Lawrenceville, GA.
    • Currently operating as a Country Food Cafeteria, adaptable for various restaurant concepts.
    • Located on a high‑visibility site in Gwinnett County, GA (zip code 30043).
    • $2,000,000 asking price.
    • Significant expansion potential due to large lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vintage Home Kitchen Family Restaurant French Toastery Bakery Uptown Burgers Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett - GA
    State
    Georgia
    Longitude
    -83.9652357
    Latitude
    33.9840196

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Huge Potential, 2.32 Acres
    Where is this restaurant located?
    The property is located at 555 Progress Center Ave Lawrenceville, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 4,612 SF freestanding building on a 2.32-acre lot in Lawrenceville, GA.; Currently operating as a Country Food Cafeteria, adaptable for various restaurant concepts.; Located on a high-visibility site in Gwinnett County, GA (zip code 30043).
    Request Owner's contact information
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    Lawrenceville, GA 30043
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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
    555 Progress Center Ave Lawrenceville, GA 30043
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