519 Lawrenceville StNorcross, GA 30071

Property Details for 519 Lawrenceville St

Year built

1987

Construction

WOOD

Lot size

0.82 AC

Property size (Sq ft)

10,820 SF

Zone code

OI-OFFICE-INSTITUTIONAL

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

6-255 -093

APU

6255093

Description

This exceptional 25-unit personal care home, situated on 0.82 acres in Norcross, Georgia, presents a compelling investment opportunity. The 10,820 square foot, two-story building, constructed in 1987 and extensively renovated in 2024, boasts 24 personal care units and one respite suite, each with a private bathroom. Currently, 19 of the 25 units are occupied. The property features an elevator, an activity room, a patient call system, and updated LED lighting throughout. Seventeen units have undergone recent renovations, and the roof has been recently replaced. Security measures include electronic gate locks and video cameras, making it suitable for memory care. Located at 519 Lawrenceville St NW, this property benefits from high visibility on Buford Highway, with a daily traffic count of 44,282 vehicles. Its convenient location offers easy access to major highways while maintaining a quiet, residential setting in Norcross, a historic city in Gwinnett County. The property is zoned O-I and has a Gwinnett County APN of R6255-093. The asking price is $5,650,000. Please note that the property is fully furnished. Do not disturb tenants or management.

• CAP approach

  CAP return

  Valuation

  6%

  $2,031,327

  6.5%

  $1,875,071

  7%

  $1,741,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,751

  Geo Method

  $763,751

• Alternative Use

  Use

  Valuation

  Residential

  $2,378,607

  Hospitality

  $2,178,791

  Educational

  $1,812,728

  Medical

  $1,875,071

  Retail

  $2,819,800

Location Insight

City

Norcross

County

Gwinnett

State

Georgia

Latitude

33.9457

Longitude

-84.2044

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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