930 New Hope Rd, Lawrenceville, GA 30045
- Commercial real estate
- 68,134 SF
- 9.48 lot acres
Current Use by Public Records
- A.R.SIMS Heating & Air Conditioning, Inc. / HVAC Service / General Contractor
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- CoCo Nails Lounge / Nail Salon
- Publix Pharmacy at The Village Shoppes at Simonton / Pharmacy
- Each One Teach One Inc. (EOTO) / Gym & Fitness Center / Sports Field & Court
Property Details for 930 New Hope Rd
- Year built
- 2004
- Lot size
- 9.48 lot acres
- Zone code
- BG-GENERAL BUSINESS
- Property type
- Commercial real estate
- APN
- 5-171 -476
- APU
- 5171476
Description
The Village Shoppes at Simonton, a Publix-anchored retail strip center in Gwinnett County, offers exceptional leasing opportunities. This 66,415 square foot center boasts a strong tenant mix of national and local retailers, ensuring a vibrant and successful shopping environment. Two suites are currently available, ranging from 1,500 to 2,644 contiguous square feet, with a total of 4,144 square feet of vacant space. The property enjoys a highly visible location at a signalized intersection of New Hope and Simonton Roads, featuring prominent monument signage. Convenient access to GA-316 and GA-20 provides excellent accessibility for both customers and employees. Among the available spaces is an endcap unit with a drive-thru, ideal for a variety of businesses. Additionally, there is second-generation medical space available, presenting a unique opportunity for healthcare providers. Another available space is suitable for a restaurant or medical use. The limited competition in the surrounding area, coupled with its proximity to downtown Lawrenceville, makes this a prime location for businesses seeking high visibility and strong customer traffic. This Publix-anchored center offers a stable and attractive investment opportunity.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,795,000
- 6.5%
- $12,735,000
- 7%
- $11,825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,945,000
- AI Estimate
- $7,686,000
Market price range: $10.3M - $24.8MMarket price range: $4.12M - $15.6M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $16,285,000 Current use
- RETAIL STORES
- $18,405,000 Change: +13% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $17,950,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $16,630,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrenceville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -83.9566
- Latitude
- 33.9347
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
