4303 Communications Dr Norcross, GA 30093

This exceptional 2.1-acre industrial land parcel in Norcross, Georgia (Gwinnett County, zip code 30093), presents a lucrative investment opportunity. Located at 4303 Communications Drive, the property boasts M-1 zoning, allowing for a variety of industrial uses. Currently operating as an income-producing outdoor storage facility, it features 53 paved, fenced, and lighted parking spaces with security cameras. The property is home to 39 tenants, many with multiple trucks, under flexible month-to-month leases, ensuring consistent income. The asking price is $2,100,000, representing a land value of $1,047,619 per acre. The property generates a net operating income (NOI) of $216,000, resulting in an attractive 8% capitalization rate. Its strategic location offers convenient access to I-85 and Midtown Atlanta, enhancing its appeal and potential for future growth. The property's low operating expenses further contribute to its strong financial performance. This rare opportunity combines high yield, stable tenancy, and a prime location, making it an ideal investment for discerning buyers.