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Property profile & analytics
FOR SALE
Commercial real estate

295 Old Peachtree Rd NW Suwanee, GA 30024

2.79 ac lot
Property ID
US22-0132284
Property summary
AI-generated overview

This exceptional 2.79-acre commercial land parcel, located at 295 & 299 Old Peachtree Rd NW in Suwanee, Georgia (zip code 30024), presents a unique investment opportunity. Zoned C-2, this property boasts tremendous visibility and high traffic counts due to its prime location near the intersection of Old Peachtree Road and the new McGinnis Ferry Road off-ramp from I-85. The property benefits from its proximity to a significant amount of new residential development, including approximately 300 townhomes and 500 single-family homes on McGinnis Ferry Road, as well as a 20-acre, three-story apartment complex nearby. The land is situated adjacent to I-85 North (out of Atlanta), providing exceptional access and exposure. A $12M+ construction project for the McGinnis Ferry Road on-ramp is slated for completion in 2023, further enhancing the property's value and accessibility. Existing infrastructure includes a commercial driveway, with county approval already secured for a second driveway. Sewer access is available across the street, and a cell tower is located on one corner of the property. The asking price is $1,917,000, translating to a land value of $15.77 per square foot. This property is ideal for a variety of commercial uses, including hotels, convenience stores, gas stations, or other commercial ventures. There are no known land problems.

Property profile
Verified
Property type Commercial real estate
Lot 2.79 ac (121,532 SF)
UPID US22-0132284
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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