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555 Progress Center Ave 6,400 SF Retail Building Lawrenceville, GA 30043 $1,950,000 ($304.69/SF) 6.15% Cap Rate
Executive Summary
Price just Reduced $450,000 from $2,400,000 to $1,950,000 for the Quick Sale. Total 2.44 Acres Flat Lot and 6,400 SF (included patio) Stand Alone Restaurant Building. Current Owner is Running Seafood Restaurant Business. Buyer Can Purchase Real Estate Property Only or Property and Business Asset Together. There is Approximately 0.9 Acre of Buildable Flat Lot in Front of the Building. Buyer Can Build the Strip Mall or any kind of Building on It.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,400 SF
Building Class
B
Year Built
1998
Price
$1,950,000
Price Per SF
$304.69
Cap Rate
6.15%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.44 AC
Zoning
C2 - Commercial
Parking
62 Spaces (13.44 Spaces per 1,000 SF Leased)
Frontage
284’ on Hurricane Shoals Rd
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Vintage Home Kitchen is more than just a restaurant; it's a gathering place for friends, families, and neighbors to come together and enjoy hearty, wholesome meals in a cozy setting. Founded by passionate food enthusiasts who believe in the power of good food to bring people together, their team is dedicated to delivering an authentic dining experience that celebrates the rich flavors of home cooking. Experience the warmth of homemade favorites crafted with time-honored recipes, from crispy fried chicken to buttery mashed potatoes. A taste of the South awaits in Lawrenceville.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5-208-036 | Improvements Assessment | $373,960 |
| Land Assessment | $225,680 | Total Assessment | $599,640 |
Property Taxes
Parcel Number
5-208-036
Land Assessment
$225,680
Improvements Assessment
$373,960
Total Assessment
$599,640
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555 Progress Center Ave