Property summary
This exceptional investment opportunity presents a fully leased, 4,456 square foot, two-story retail building situated on a 2.06-acre waterfront lot in Lilburn, Georgia. The Class B property, built in 1938 and extensively renovated (1996, 2001, 2011, 2018), boasts three long-term tenants and a 100% occupancy rate, generating a strong 6.54% cap rate at an asking price of $1,075,000. The property features high visibility on Stone Mountain Highway (72,600 cars daily), offering unmatched exposure. Its prime location between Snellville and Stone Mountain, with proximity to Atlanta, makes it both a destination and impulse-buy location. The property includes three outdoor seating areas, taking advantage of spectacular lake views. The C-2 zoning permits a variety of uses. An assemblage opportunity exists with an adjacent 1.63-acre C-2 zoned parcel, offering potential for expansion. The current zoning allows for a restaurant, subject to Gwinnett County conditions. Shared driveway access is available, with a second driveway permitted off Matterhorn Drive. The seller prefers selling both parcels together. This stabilized, multi-tenant retail investment offers significant potential for future growth and value appreciation. The property's APN is 6063B212.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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Vocational School Training Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2-GENERAL BUSINESS · Lilburn, GAZoning
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Zoning designation
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