899 Grayson HwyLawrenceville, GA 30045

Property Details for 899 Grayson Hwy

Year built

1990

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

1,581 SF

Zone code

BG-GENERAL BUSINESS

Property type

Investment properties

Property subtype

Live-work space

APN

5-140 -180

APU

5140180

Description

This exceptional mixed-use building, located at 899 Grayson Hwy in Lawrenceville, Georgia, presents a compelling investment opportunity. The property, zoned for General Business, offers a total of 1,581 square feet and is currently vacant, allowing for immediate customization and occupancy. The asking price is $390,000, translating to a price per square foot of $246.68. The building's versatile layout includes space suitable for a doctor's office and a car lot, providing flexibility for a variety of commercial uses. A significant advantage is the inclusion of approximately 500 square feet of dedicated storage space. Ample parking is available both in front and behind the building, ensuring convenient access and egress directly onto Grayson Highway. This prime commercial location in Lawrenceville offers easy access to public transportation, making it an attractive proposition for businesses and investors alike. The property's strategic positioning and versatile design make it an ideal choice for entrepreneurs seeking a high-visibility location with significant growth potential. The vacant status allows for immediate development and customization to suit specific business needs. This is a rare opportunity to acquire a well-situated mixed-use property in a thriving Georgia market. The zip code is 30045, and the property is situated in Gwinnett County.

• CAP approach

  CAP return

  Valuation

  6%

  $314,640

  6.5%

  $290,437

  7%

  $269,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $187,433

  Geo Method

  $187,433

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $561,802

  Retail / Commercial

  $289,980

  Hospitality / Lodging

  $215,025

  Office

  $290,264

  Institutional / Educational

  $302,470

  Residential Income

  $353,890

  Multifamily

  $416,175

  Automotive / Energy

  $259,260

  Parking / Income-Based Land

  $87,995.10

  Restaurant / Food Service

  $154,239

  Healthcare / Senior Housing

  $296,309

Location Insight

City

Lawrenceville

County

Gwinnett

State

Georgia

Latitude

33.9273

Longitude

-83.9753

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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