Property profile

1959 Duluth Hwy Lawrenceville, GA 30043

OFF-MARKET
Commercial land
Property ID
US22-1571047
1.73 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1.73-acre commercial parcel in Lawrenceville, GA, is ideally situated directly across from Sugarloaf Mills Mall, offering exceptional visibility and accessibility. Priced at $1,890,000, this property boasts Gwinnett County Board of Commissioners approval for an extended-stay hotel, making it "shovel ready." Utilities and sewer are readily available. Its location just 0.5 miles from I-85 ensures high visibility for travelers seeking overnight accommodations. The site's prominent frontage on Duluth Highway (Highway 120) guarantees excellent access and exposure to the mall's substantial daily foot traffic, particularly during peak weekend hours. Furthermore, its proximity to major thoroughfares like GA 316 (connecting Atlanta and Athens), Gas South Arena and Convention Center, Northside Hospital Gwinnett, CoolRay Field, and the Atlanta Ice Forum, significantly enhances its appeal and potential occupancy rates. The area also features a diverse mix of office, industrial, and retail spaces, restaurants, and shopping centers, creating a robust customer base. Preliminary discussions have indicated suitability for brands like Fairfield Inn and Suites by Marriott or Everhome Suites by Choice, though other options may be explored. The high demand for extended-stay hotels in this thriving location, coupled with its convenient access to public transportation, makes this a compelling investment opportunity. The property is also within walking distance of various amenities, including Chick-fil-A, Kroger, Publix, and numerous other retail establishments.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.73 ac (75,359 SF)
Zoning code C2-GENERAL BUSINESS
APN 7-081 -130
UPID US22-1571047

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1959 Duluth Hwy Lawrenceville, GA 30043-5015
Lawrenceville metro Census 50560 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2023
Last sale
$644,400
2 recorded transactions
2023
Price N/A
2023
$644,400

Zoning & alternative use

C2-GENERAL BUSINESS · Lawrenceville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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