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35 S Peachtree St 3,000 SF 100% Leased Retail Building Norcross, GA 30071 $1,200,000 ($400/SF) 6.50% Cap Rate
Investment Highlights
- Prime location in Norcross’ historic downtown district.
- Surrounded by popular restaurants, shops, and other venues.
- Positioned in a growth-oriented, business-friendly submarket.
- High visibility with strong pedestrian and vehicular traffic.
- Quick access to Buford Highway, Peachtree Industrial Blvd, and I-85.
Executive Summary
Own a piece of Historic Downtown Norcross! This gem of a building sits in a prime, walkable location in the center of historic and friendly downtown Norcross. Home to long-term tenants and fully leased through October 2027, the property offers immediate income in an exceptional location. The building has been well maintained over the years with updated systems and a newer roof. Inside, you'll find exposed brick walls, tall ceilings, abundant natural light, and incredible original hardwood floors. The street level is currently occupied by a busy restaurant featuring a bar, stage, professional-grade kitchen, and covered outdoor patio seating. Upstairs offers professional office suites, a half bath, kitchenette, and storage space. Adding to its appeal, the lot behind the building presents a unique redevelopment opportunity, with potential for a redesigned rear portion of the property that could accommodate additional commercial, office, residential, or mixed-use space, subject to approvals. This flexibility creates significant value-add potential for future ownership. A fantastic turnkey investment opportunity in an A+ location with both stable income and long-term redevelopment upside.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Building Class
C
Year Built
1902
Price
$1,200,000
Price Per SF
$400
Cap Rate
6.50%
NOI
$78,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.08 AC
Zoning
AA012 - commercial
Frontage
34’ on Peachtree St
Amenities
- Security System
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6-254A-010 | Improvements Assessment | $424,080 |
| Land Assessment | $29,000 | Total Assessment | $453,080 |
Property Taxes
Parcel Number
6-254A-010
Land Assessment
$29,000
Improvements Assessment
$424,080
Total Assessment
$453,080
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35 S Peachtree St
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