2885 Lawrenceville Suwanee RdSuwanee, GA 30024

Property Details for 2885 Lawrenceville Suwanee Rd

Year built

1995

Construction

WOOD

Lot size

1.01 AC

Property size (Sq ft)

6,128 SF

Zone code

C2-GENERAL BUSINESS

Property type

Banks

APN

7-152 -034

APU

7152034

Description

This exceptional 6,508-square-foot retail space presents a unique opportunity in Gwinnett County. Previously a bank, the property boasts multiple drive-thru lanes and prominent corner monument signage, ensuring high visibility. Located at the signalized intersection of Lawrenceville Suwanee Road (40,400 vehicles per day) and Old Peachtree Road (28,300 vehicles per day), this location offers unparalleled access and exposure. The property is conveniently situated near I-85, providing easy access for customers and employees. Ample on-site parking is available for convenience. The surrounding area demonstrates strong demographics, with a daytime population exceeding 50,000 within a three-mile radius and average household incomes surpassing $140,000. This high-growth area is experiencing significant residential development, with over 450 new residential units planned within two miles, further enhancing the property's long-term potential. The entire 6,508 square feet is currently vacant and available for lease, making it an ideal location for a variety of retail businesses seeking a high-traffic, high-visibility location in a thriving community. The single-tenant occupancy allows for complete customization and control.

• CAP approach

  CAP return

  Valuation

  6%

  $1,580,889

  6.5%

  $1,459,282

  7%

  $1,355,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,628,194

  Geo Method

  $2,628,194

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,959

  Hospitality

  $1,127,552

  Educational

  $938,110

  Medical

  $970,373

  Retail

  $1,459,282

Location Insight

City

Suwanee

County

Gwinnett

State

Georgia

Latitude

34.0267

Longitude

-84.0445

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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