Your email has been sent.
Upgraded Asset in a Premier Mixed-Use Node 1755 E Park Place Blvd 5,152 SF Vacant Office Building Online Auction Sale Stone Mountain, GA 30087
Investment Highlights
- 1755 E Park Place Boulevard is a 5,152-square-foot, two-story building situated on approximately 0.54 acres with a fully paved parking lot.
- Zoned C-2 (General Business District), allowing for alternative uses like restaurants, daycares, offices, a wide range of retail stores, and more.
- Accessible address supporting long-term value located just off Rockbridge Road and Highway 78 near affluent, growing communities.
- Property to be delivered vacant after about $200,000 in improvements were made by the previous tenant, offering a turnkey opportunity.
- Surrounded by traffic-elevating neighboring establishments, including Planet Fitness, dozens of eateries, Walmart Supercenter, and several hotels.
Executive Summary
1755 E Park Place Boulevard is situated in a major mixed-use commercial hub, with several amenity centers, including Stonebridge Crossing, Mountain East Shopping Center, and Stone Mountain Festival, just moments away. Inside and around these centers are dozens of local and national businesses, from Walmart Supercenter and LA Fitness to Huskers Café and Dudley's Sports Bar and Grill. Stone Mountain Park’s Historic Square is also about 3 miles away. This picturesque destination is home to scenic venues, cultural museums, a golf course, Atlanta Evergreen Lakeside Resort, and much more, adding a tourism aspect to complement the property. With near-immediate access to Rockbridge Road and Highway 78, 1755 E Park Place Boulevard’s connectivity to the greater area reinforces long-term value.
Matterport 3D Tours
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
About Lawrenceville/Lilburn
Gwinnett County is a fast-growing suburban area northeast of Atlanta’s urban core. Education levels in this part of Atlanta are relatively high, and residents are attracted to neighborhoods here for their highly ranked public school systems. Furthermore, population growth in this area continues to outpace the Atlanta region’s average. Gwinnett County has added roughly 150,000 new residents over the past 10 years, providing office users with a robust, highly educated labor force from which to draw from.
Much of the growth in the local office sector is tied to the medical industry, and medical office assets comprise roughly one-third of the office inventory in the southern half of Gwinnett County. Most of this stock is located within close proximity to Emory Eastside Medical Center, Eastside Medical Center South Campus, or Northside Hospital Gwinnett. Medical tenants comprise an outsized portion of the tenant profile as well as some of the largest tenants, including Gwinnett Consultants in Cardiology and Resurgens Orthopedics.
Sales involving medical office properties are common, and out-of-state buyers continue to drive an outsized share of investment activity here. Suburban-style offices typically trade for below Atlanta metro average pricing, but well-leased assets can trade for a premium.
Demographics
Demographics
About the Auction Technology
Auction Contact
Contact the Sale Advisor
Upgraded Asset in a Premier Mixed-Use Node | 1755 E Park Place Blvd
Presented by
Upgraded Asset in a Premier Mixed-Use Node | 1755 E Park Place Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.