555 Progress Center Ave Lawrenceville, GA 30043
- Turn key restaurants
- 4,612 SF
- 2.32 lot acres
Current Use by Public Records
- Vintage Home Kitchen / Family Restaurant
- French Toastery / Bakery
- Uptown Burgers / Hamburger Restaurant
Property Details for 555 Progress Center Ave
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 2.32 lot acres
- Property size
- 4,612 SF
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,435,000
- 6.5%
- $1,365,000
- 7%
- $1,435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,360,000
- Geo Method
- $1,315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,445,000
- Retail
- $1,470,000
- Mixed-Use
- $1,395,000
- Hospitality
- $1,260,000
- Educational
- $1,280,000
- Residential Income
- $1,120,000
- Energy
- $1,155,000
- Income-Based Land
- $1,210,000
- Food Service
- $1,220,000
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
