For Sale
$1,075,000

4615 Stone Mountain HwyLilburn, GA 30047

Lilburn, GA Waterfront Retail

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, 4,456 square foot, two-story retail building situated on a 2.06-acre waterfront lot in Lilburn, Georgia. The Class B property, built in 1938 and extensively renovated (1996, 2001, 2011, 2018), boasts three long-term tenants and a 100% occupancy rate, generating a strong 6.54% cap rate at an asking price of $1,075,000. The property features high visibility on Stone Mountain Highway (72,600 cars daily), offering unmatched exposure. Its prime location between Snellville and Stone Mountain, with proximity to Atlanta, makes it both a destination and impulse-buy location. The property includes three outdoor seating areas, taking advantage of spectacular lake views. The C-2 zoning permits a variety of uses. An assemblage opportunity exists with an adjacent 1.63-acre C-2 zoned parcel, offering potential for expansion. The current zoning allows for a restaurant, subject to Gwinnett County conditions. Shared driveway access is available, with a second driveway permitted off Matterhorn Drive. The seller prefers selling both parcels together. This stabilized, multi-tenant retail investment offers significant potential for future growth and value appreciation. The property's APN is 6063B212.

Highlights

  • $1,075,000 asking price for a stabilized, multi-tenant retail investment property.
  • 4,456 square feet on a 2.06-acre lot in Lilburn, GA.
  • 100% occupancy with three tenants.
  • 6.54% cap rate.
  • Class B building, built in 1938 with renovations in 1996, 2001, 2011, and 2018.

Property Details for 4615 Stone Mountain Hwy

Property type
Retail properties, Restaurants
Square Feet
4,456 SF
Class
B
Year Built
1938
Buildings
1
Stories
2
Lot Size (sq. ft)
89,734 SF
Units
3

Location Insight

City
Lilburn
County
Gwinnett
State
Georgia
Latitude
33.831563303579
Longitude
-84.090440186604
4615 Stone Mountain Hwy, Lilburn, Georgia

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4615 Stone Mountain Hwy
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