Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2-GENERAL BUSINESS · Lawrenceville, GAZoning
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Zoning designation
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