117 Buford DrLawrenceville, GA 30046

Property Details for 117 Buford Dr

Year built

1959

Lot size

0.42 AC

Property size (Sq ft)

6,946 SF

Zone code

BG-GENERAL BUSINESS

Property type

Commercial real estate

APN

5-146B-090

APU

5146B090

Description

This 7,000-square-foot Class C industrial distribution center, situated on a 0.71-acre lot in Lawrenceville, Georgia, presents a compelling owner-user opportunity. Built in 1959 with renovations circa 2018, the single-story building features a 15-foot ceiling height and boasts a prime corner location with significant frontage on Buford Drive, East Pike Street, and Chestnut Street. The property includes a 5,000-square-foot warehouse and a 2,000-square-foot office space. Improvements include a new HVAC unit and a new shingled roof over the front of the building. The property also benefits from one drive-in door, two entrance doors, and a fenced backyard. The adjacent lot is included in the sale. The property is zoned C1, allowing for potential alternative uses within the Lawrenceville Entertainment District. The current owner is open to a leaseback arrangement. This fee-simple property offers a unique blend of location, functionality, and potential. The asking price is $2,850,000, translating to $407.14 per square foot. Parcel numbers are R5146B090 and R5146B092.

• CAP approach

  CAP return

  Valuation

  6%

  $1,381,520

  6.5%

  $1,275,250

  7%

  $1,184,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,063

  Geo Method

  $818,063

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,468,230

  Retail / Commercial

  $1,274,010

  Mixed-Use / Specialty

  $1,276,010

  Hospitality / Lodging

  $944,694

  Office

  $1,275,250

  Institutional / Educational

  $1,328,880

  Residential Income

  $1,554,790

  Multifamily

  $1,828,430

  Automotive / Energy

  $1,139,040

  Parking / Income-Based Land

  $386,600

  Restaurant / Food Service

  $677,637

  Healthcare / Senior Housing

  $1,301,810

Location Insight

City

Lawrenceville

County

Gwinnett

State

Georgia

Latitude

33.958

Longitude

-83.9866

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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