Technical
Financial
Distress signals
Property profile

555 Progress Center Ave Lawrenceville, GA 30043

FOR SALE
Turn key restaurants
Property ID
US22-2311302
4,612 SF 2.32 ac lot Built 1998
Entity Owned 2-yr Hold ~ Est. High Equity
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555 Progress Center Ave, Lawrenceville, GA 30043 For Sale
Contact for pricing 4,612 SF
555 Progress Center Ave, Lawrenceville, GA 30043
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Construction WOOD
Total area 4,612 SF
Lot 2.32 ac (101,059 SF)
Zoning code C2-GENERAL BUSINESS
APN 5-208 -036
UPID US22-2311302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Bakery Specialty Food Shop
  • Restaurant

Location

555 Progress Center Ave Lawrenceville, GA 30043
Lawrenceville metro Census 50583 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.27M

Owner & transaction history

since 2023
Last sale
$1.3M
3 recorded transactions
2024
Price N/A
2023
$1.3M
2004
$857,300

Zoning & alternative use

C2-GENERAL BUSINESS · Lawrenceville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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