2149 Scenic HwySnellville, GA 30078

Property Details for 2149 Scenic Hwy

Year built

1950

Construction

WOOD

Lot size

0.95 AC

Property size (Sq ft)

2,032 SF

Zone code

AA005

Property type

Investment properties

Property subtype

Live-work space

APN

5-039 -197

APU

5039197

Description

This exceptional commercial property, located at 2149 Scenic Highway in Snellville, Georgia, presents a unique opportunity for a business seeking high visibility and significant road frontage. The 2,032 square foot building sits on a generous 0.95-acre lot, boasting an impressive 271+ feet of frontage along Highway 124. This prime location ensures substantial traffic exposure, ideal for attracting customers. The property is zoned BN and previously operated as a flower shop, offering existing infrastructure and a readily adaptable space. Its strategic placement across the street from United Community Bank and a veterinary hospital, and adjacent to the Snellville Pavilion, guarantees a high concentration of potential clientele. The existing signage further enhances visibility, making it an excellent choice for a business requiring strong brand presence. This property offers a rare combination of size, location, and visibility, making it an exceptional investment opportunity in a thriving Snellville commercial district. The property's history as a flower shop provides a solid foundation for a variety of potential uses, and its proximity to established businesses ensures a robust customer base. The ample road frontage and high traffic volume make this an unparalleled opportunity for a business seeking maximum exposure and growth potential. The 0.95-acre lot provides ample space for expansion or additional development, further enhancing its long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $371,320

  6.5%

  $342,757

  7%

  $318,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $229,610

  Geo Method

  $229,610

• Alternative Use

  Use

  Valuation

  Residential

  $425,019

  Hospitality

  $389,315

  Educational

  $323,906

  Medical

  $335,045

  Retail

  $503,853

Location Insight

City

Snellville

County

Gwinnett

State

Georgia

Latitude

33.863

Longitude

-84.0183

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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