295 Old Peachtree Rd NW Suwanee, GA 30024
- Commercial real estate
- 2.79 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 295 Old Peachtree Rd NW
- Lot size
- 2.79 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Suwanee
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.0541106
- Latitude
- 34.0227869
