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117 Buford Dr. and 203 Chestnut St. 117 Buford Dr 7,000 SF Retail Building Lawrenceville, GA 30046 $2,850,000 ($407.14/SF)
EXECUTIVE SUMMARY
Prime Redevelopment Opportunity | Entrance to Lawrenceville Entertainment District
Positioned at the gateway to Lawrenceville’s Entertainment District, this 0.71± acre commercial property offers a highly visible and strategic location directly across from a newly opened senior living community, providing strong daily traffic and built-in demand drivers.
The site is improved with an approximately 7,000± square foot building, currently configured as a 50/50 office and warehouse. While the existing improvements support continued use, the property presents a compelling redevelopment opportunity where a higher and more impactful use may be realized. The location, frontage, and surrounding investment activity support repositioning consistent with the area’s ongoing growth and revitalization.
Additionally, the property offers the potential for assemblage, increasing the total land area to approximately 1.18± acres, further enhancing development flexibility and scale.
Potential uses include, but are not limited to, a brewery or taproom, antique or specialty retail, creative commercial concepts, or mixed-use development, subject to zoning and municipal approvals.
This offering represents a rare opportunity to secure a well-located asset at a key entry point to one of Gwinnett County’s most dynamic and evolving districts.
Positioned at the gateway to Lawrenceville’s Entertainment District, this 0.71± acre commercial property offers a highly visible and strategic location directly across from a newly opened senior living community, providing strong daily traffic and built-in demand drivers.
The site is improved with an approximately 7,000± square foot building, currently configured as a 50/50 office and warehouse. While the existing improvements support continued use, the property presents a compelling redevelopment opportunity where a higher and more impactful use may be realized. The location, frontage, and surrounding investment activity support repositioning consistent with the area’s ongoing growth and revitalization.
Additionally, the property offers the potential for assemblage, increasing the total land area to approximately 1.18± acres, further enhancing development flexibility and scale.
Potential uses include, but are not limited to, a brewery or taproom, antique or specialty retail, creative commercial concepts, or mixed-use development, subject to zoning and municipal approvals.
This offering represents a rare opportunity to secure a well-located asset at a key entry point to one of Gwinnett County’s most dynamic and evolving districts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2000
Price
$2,850,000
Price Per SF
$407.14
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.71 AC
Zoning
C1 - Central Business Dis - C1 - Central Business District
AMENITIES
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5-146B-090 | Improvements Assessment | $455,080 |
| Land Assessment | $129,000 | Total Assessment | $584,080 |
PROPERTY TAXES
Parcel Number
5-146B-090
Land Assessment
$129,000
Improvements Assessment
$455,080
Total Assessment
$584,080
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117 Buford Dr. and 203 Chestnut St. | 117 Buford Dr
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