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5245 Buford Hwy
Norcross, GA 30071
Magnolia Plaza · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,700 SF
Building Class
B
Year Built
2009
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.00 AC
Zoning
C-2
Parking
46 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
230’ on Buford Hwy
About 5245 BUFORD HWY , NORCROSS, GA 30071
Magnolia Plaza is a 9,700 square foot office and retail center with a concentration of health care related businesses specializing in internal medicine, clinical medical trials and massage therapy. Currently 85% leased, at closing the seller will guaranty rent on one vacancy for 1 year, providing the investor with 100% occupancy. The center was constructed in 2007 with poured concrete slab, brick and EIFS exterior finish, aluminum store front, rubber membrane roof and asphalt parking lot. The location on Buford Highway in the growing city of Norcross, Gwinnett County benefits from a 40,000+ traffic count and convenient access to I-85 / I-285.
Property Taxes
| Parcel Number | 6-256-006A | Improvements Assessment | $660,240 |
| Land Assessment | $235,240 | Total Assessment | $895,480 |
Property Taxes
Parcel Number
6-256-006A
Land Assessment
$235,240
Improvements Assessment
$660,240
Total Assessment
$895,480
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