754 Beaver Ruin RdLilburn, GA 30047
- Retail properties
- 12,816 SF
Property Details for 754 Beaver Ruin Rd
- Year built
- 1983
- Lot size
- 1.50 AC
- Property size (Sq ft)
- 12,816 SF
- Zone code
- C2-GENERAL BUSINESS
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- 6-158 -116
- APU
- 6158116
Description
This exceptional investment opportunity presents a 4.36-acre, Class B shopping center located at 754 Beaver Ruin Rd, Lilburn, Georgia, 30047. The property boasts approximately 40,000 square feet of space distributed across two, two-story buildings. Built in 1983 and renovated in 2015, the center currently enjoys 100% occupancy, with two tenants. One tenant, a skate center, has a lease expiring April 2024, with a potential buyout option. The second tenant, currently owner-occupied, will vacate at any time. The property features a desirable corner lot with 657 feet of frontage on Beaver Ruin Road, offering excellent visibility and accessibility. Zoned C1, this property presents significant redevelopment potential. The asking price is $5,200,000. Leases are NNN, with rent bumps included. The property benefits from a prime location near I-85, Pleasant Hill Road, and Highway 29, ensuring high traffic volume and convenient access. This is an ideal opportunity for owner-users or investors seeking a strong return in a rapidly developing area. The property's current occupancy provides immediate cash flow, while the potential for redevelopment offers long-term growth prospects. The existing leases provide a stable income stream until redevelopment plans are implemented.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,481,295
- 6.5%
- $3,213,504
- 7%
- $2,983,968
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,982,348
- Geo Method
- $1,982,348
-
Alternative Use
- Use
- Valuation
- Residential
- $2,710,710
- Hospitality
- $2,482,996
- Educational
- $2,065,824
- Medical
- $2,136,870
- Retail
- $3,213,504
Location Insight
- City
- Lilburn
- County
- Gwinnett
- State
- Georgia
- Latitude
- 33.912
- Longitude
- -84.1311
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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