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Investment Highlights

  • Highly visible location on Historic Downtown Square within a growing live-work-play environment.
  • Three on-site parking spaces while benefiting from direct access to adjacent City-owned free parking.
  • Surrounded by new developments such as Hilton Tapestry Hotel, Lawrenceville Arts Center, and Lawrenceville Lawn.
  • Flexible two-story layout with a stripped ground floor and expansion-ready rear pad for 600–1,200 SF of additional space.
  • First floor ideal for retail, restaurant, or service concepts; second floor suitable for premium office or loft conversion.
  • Walkable proximity to cultural venues, government offices, and Georgia Gwinnett College.

Executive Summary

Exceptional value-add development or owner-user opportunity in the heart of Historic Lawrenceville Square. This two-story, 3,765 SF building sits on 0.06 acres, offering significant flexibility for retail and office use. The property includes an approximate 20' x 30' back area for expansion and the ability to incorporate three additional private parking spaces into the build-out. This unique expansion potential allows investors to stabilize the property at premier historic core triple-net lease rates, while owner-users can create a flagship storefront on the ground floor paired with a Class A office suite or upscale loft above.
The first floor is a stripped shell with plumbing in place, ready for customization, while the second floor is currently occupied by a month-to-month office tenant. A 1,500-gallon grease trap is on-site (inspection required), supporting future restaurant or food service concepts. The property backs up to a large, free City parking lot and offers unmatched walkability to vibrant downtown amenities.
Historic Lawrenceville continues to experience robust growth and redevelopment, anchored by major public and private investments, including the 120-room Hilton Tapestry Hotel with its 3,000 SF convention center, the Lawrenceville Performing Arts Center, community event spaces at the Lawrenceville Lawn, Gwinnett Justice and Administration Center, Georgia Gwinnett College and Briscoe Field Airport. These drivers generate significant pedestrian traffic and position 195 Perry Street as a premier choice for retail, dining, or professional office tenants.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,765 SF
Building Class
C
Year Built
1890
Price
$1,400,000
Price Per SF
$371.85
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.44
Lot Size
0.06 AC
Zoning
BGC - Central General Business District
Frontage
54’ on Perry St

Amenities

  • Corner Lot
  • Signalized Intersection
  • Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100

Nearby Major Retailers

Renasant Bank
Truist
Wells Fargo Home Mortgage
La Cazuela Mexican Restaurant
Starbucks
Fifth Third Bank
Planet Fitness
Waffle House
Buddy's Home Furnishings
Krystal

Property Taxes

Property Taxes

Parcel Number
5-146D-039
Land Assessment
$20,200
Improvements Assessment
$128,160
Total Assessment
$148,360
  • Listing ID: 41176489

  • Date on Market: 7/6/2026

  • Last Updated:

  • Address: 195 N Perry St, Lawrenceville, GA 30046

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