For Sale
$459,000

561 Grayson Hwy Lawrenceville, GA 30046

Two-unit office, high-growth area

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • 1,998 SF commercial building on a 0.52-acre lot in Lawrenceville, GA.
  • Modern, fully-bricked building (1973 construction, 2018 renovation) with two units.
  • O/I zoning suitable for various commercial uses, including medical and professional offices.
  • One renovated unit features an open floor plan with hardwood floors; the other is ready for tenant improvements.
  • Fully paved parking lot and fenced rear area.
  • High visibility on Grayson Hwy, near major retailers and residential areas.

Property Details for 561 Grayson Hwy

Property type
Office properties, Medical offices
Square Feet
1,998 SF
Class
C
Year Built/Renovated
1973/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF
Units
2

Location Insight

City
Lawrenceville
County
Gwinnett
State
Georgia
Latitude
33.937036137349
Longitude
-83.98013749324

FAQs

What type of property is this?
Office property - Two-unit office, high-growth area
Where is the office property located?
The property is located at 561 Grayson Hwy Lawrenceville, GA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 1,998 SF commercial building on a 0.52-acre lot in Lawrenceville, GA.; Modern, fully-bricked building (1973 construction, 2018 renovation) with two units.; O/I zoning suitable for various commercial uses, including medical and professional offices.
How can I contact the broker?
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561 Grayson Hwy
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