561 Grayson Hwy Lawrenceville, GA 30046-6331
- Investment properties
- 1,998 SF
- 0.52 lot acres
Current Use by Public Records
- MDJ Roofing and Construction / Roofing Contractor
- Francoincometax / Tax Preparation Service
Property Details for 561 Grayson Hwy
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 1,998 SF
- Zone code
- BG-GENERAL BUSINESS
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5-141 -175
- APU
- 5141175
Description
This prime Lawrenceville, GA commercial property, located at 561 Grayson Hwy, offers 1,998 square feet across two units on a 0.52-acre lot (APN R5141 175). The building, constructed in 1973 and renovated in 2018, boasts a modern, fully-bricked exterior. Zoned O/I (Office/Institutional), it's ideal for various commercial uses, including medical and professional offices. One unit features a renovated open floor plan with hardwood floors and modern amenities, while the other is ready for customization. The property includes a fully paved front parking lot and a fenced rear area offering expansion potential. With excellent visibility and accessibility on busy Grayson Highway, near major retailers and residential areas, this property presents a strong investment opportunity. The asking price is $459,000 ($229.73/sq ft, $229,500/unit), with a pro-forma NOI of $42,000 and a pro-forma cap rate of 9.15%. Occupancy is available August 7, 2024. This is an owner/user investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawrenceville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -83.9806
- Latitude
- 33.9368
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
