1950 Grayson Hwy, Grayson, GA 30017-4991
- Commercial real estate
- 14,578 SF
- 1.54 lot acres
Current Use by Public Records
- JB Dominican Barbershop 2 / Barber Shop
- Resolute Coffee Store / Specialty Food Shop / (Bike/Boat/Book/etc) Store
- Katie's Sports Bar & Grill / Bar & Pub / Restaurant
- Little Caesars Pizza / Restaurant
Property Details for 1950 Grayson Hwy
- Year built
- 2007
- Lot size
- 1.54 lot acres
- Zone code
- C2-GENERAL BUSINESS
- Property type
- Commercial real estate
- APN
- 5-136 -055
- APU
- 5136055
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 7, 2013 | $252,500 | Donna J Minort | Blue River Communities LLC | Warranty Deed | $135k · Bank Of America |
| Nov 7, 2013 | — | Blue River Communities LLC | Village Of Olde Town Grayson LLC | Quit Claim Deed · related | — |
| Feb 1, 2010 | $2,935,000 | Roger Dodger LLC | Olde,town Grayson Retail L | Grant Deed | — |
| May 11, 2007 | $450,000 | Olde Town Grayson Retail LLC | Granite Partners LLC | Grant Deed | $2.1M · Integrity Bank |
| May 9, 2007 | $450,000 | Olde Town Grayson Retail LLC | Granite Partners LLC | Grant Deed | — |
| Apr 27, 2004 | $1,800,000 | Granite Partners LLC | Jacobs,elizabeth H | Grant Deed | — |
| Apr 27, 2004 | — | Granite Partners LLC | Jacobs,elizabeth H | Quit Claim Deed · related | $3.2M · First Bank Of The South |
Description
This exceptional retail property, located at 1950 Grayson Highway in Grayson, Georgia, offers 13,896 square feet of commercial space. Currently, 1,770 square feet is available for lease, presenting a unique opportunity for expansion or new tenancy within a thriving, established center. The property is situated in Gwinnett County, zip code 30017, and benefits from excellent visibility and accessibility due to its prime highway location. The building is a multi-tenant structure, indicating a diverse and potentially synergistic tenant mix. The existing tenants ensure a strong, established presence and a consistent income stream for the property. The available space offers considerable flexibility for a variety of retail businesses, providing ample room for customization and adaptation to specific needs. This is an ideal investment opportunity for businesses seeking high visibility and a strong foothold in a growing community. The property's location in Grayson, Georgia, provides access to a substantial customer base and offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional retail space. The property is currently 100% leased, with a portion available for lease.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,950,000
- 6.5%
- $2,725,000
- 7%
- $2,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,396,000
- AI Estimate
- $2,501,000
Market price range: $2.58M - $7.67MMarket price range: $1.09M - $3.37M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,650,000 Current use
- MEDICAL BUILDING
- $4,670,000 Change: +0% Conversion: Easy
- RETAIL STORES
- $3,940,000 Change: -15% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,840,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grayson
- County
- Gwinnett
- State
- Georgia
- Longitude
- -83.9591
- Latitude
- 33.8977
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
