Property summary
This exceptional 2.32-acre property at 555 Progress Center Avenue in Lawrenceville, Georgia presents a remarkable investment or business ownership opportunity. The site features a 4,612 square foot freestanding building currently operating as a Country Food Cafeteria restaurant. The expansive flat lot offers significant potential for expansion or the construction of additional buildings. The existing structure provides a solid foundation for a variety of culinary concepts, including but not limited to: sports bars, country buffets, sushi buffets, American, Chinese, Mexican, Italian, Japanese steakhouse, or Asian fusion restaurants. The property's size and location also make it suitable for event spaces, such as wedding venues. The high visibility and ample space make this a truly unique opportunity for entrepreneurs and investors seeking a high-return investment in a thriving area. The existing restaurant provides immediate income potential, while the substantial undeveloped land allows for future growth and development. This property is ideally situated in Lawrenceville, offering easy access to major transportation routes and a strong customer base. The flat terrain simplifies construction and development, minimizing potential challenges and costs. This is a rare chance to acquire a versatile property with immediate income and significant long-term potential. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Bakery Specialty Food Shop
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lawrenceville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2-GENERAL BUSINESS · Lawrenceville, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2-GENERAL BUSINESS in Lawrenceville, GA.
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Find the owner behind the property.
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