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    555 Progress Ctr Ave Lawrenceville, GA 30043-4840
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    Property profile & analytics

    555 Progress Ctr Ave, Lawrenceville, GA 30043-4840

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    • Turn key restaurants
    • 4,612 SF
    • 2.32 lot acres
    Off-Market
    Last Sale Dec 12, 2023
    $1,250,000
    Property ID
    US22-2311302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vintage Home Kitchen / Restaurant
    • French Toastery / Bakery / Specialty Food Shop
    • Uptown Burgers / Restaurant

    Property Details for 555 Progress Ctr Ave

    Year built
    1998
    Construction
    WOOD
    Lot size
    2.32 lot acres
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Turn key restaurants
    APN
    5-208 -036
    APU
    5208036

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000
      ML approach
      $1,320,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,203,000
      Market price range: $497k - $4.08M
    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,060,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9655
    Latitude
    33.9842
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,345
    $88,800
    $343,600
    $432,400
    -
    $222,000
    $859,000
    $1,081,000
    More about this property
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