Norcross, GA 5885 Oakbrook Pky 148 Unit Apartment Building $14,000,000 ($94,595/Unit) Norcross, GA 30093

Offered Price: $14,000,000 As Is / $21,000,000 Finished
Rooms: 178
Interior Corridor
Lot Size: 3.79 acres
3 Stories
Property Features:
195 Parking Spots
3.79 acres
3 buildings - 3 story each with interior corridor
Great location - 1 mile from Kroger
Located in Gwinnett Village Retail Center
Just 2 turns off of |-85
Norcross GA: population 17,400 with a $70,403 median household income
Plans: 178 dwellings, gym, guest laundry, yoga room. large lobby and leasing office, meeting/rec center. outdoor pool, pet grooming stations. outdoor pet area. storage/lockers room
Norcross, Georgia is strategically located right off Interstate 85, providing direct access to Atlanta and strong connectivity throughout Gwinnett County and the greater metro area. The property sits approximately 3 miles from Historic Downtown Norcross, a vibrant district with dining, shopping, and cultural amenities. Major commercial hubs are nearby, including Global Mall at less than 2 miles and Gwinnett Place Mall at about 5 miles. The Forum Peachtree Corners, a premier shopping and dining destination, is located roughly 6 miles away. Recreational attractions include Lillian Webb Park at 3 miles, Jones Bridge Park on the Chattahoochee River at 8 miles, and the Infinite Energy Center, a major event and entertainment venue, 10 miles from the property. The property also benefits from proximity to Peachtree Corners Technology Park, a key employment hub, about 7 miles away. Healthcare access is available at Northside Hospital Gwinnett, located 12 miles northeast. The nearest airport is Hartsfield–Jackson Atlanta International Airport, approximately 30 miles south, offering one of the busiest and most accessible transportation hubs in the world. With its excellent interstate frontage, proximity to Atlanta’s urban core, and strong surrounding retail, employment, and entertainment anchors, Live Laugh Lofts presents a well-positioned investment opportunity in one of Metro Atlanta’s fastest-growing suburban markets.
Location Highlights:
1. Interstate Access – Located directly off Interstate I-85, offering strong connectivity to Gwinnett County, Metro Atlanta, and regional destinations.
2. Proximity to Downtown – Approximately 3 miles from Historic Downtown Norcross, a vibrant district with shopping, dining, and cultural amenities.
3. Retail & Entertainment – Within 2 miles of Global Mall, 5 miles from Gwinnett Place Mall, and about 6 miles from The Forum Peachtree Corners.
4. Recreational Landmarks – Close to Lillian Webb Park (3 miles), Jones Bridge Park on the Chattahoochee River (8 miles), and the Infinite Energy Center (10 miles).
5. Employment Hubs – Roughly 7 miles to Peachtree Corners Technology Park, one of the area’s major business and innovation centers.
6. Healthcare Access – About 12 miles to Northside Hospital Gwinnett, a leading regional medical provider.
7. Airport Access – Hartsfield–Jackson Atlanta International Airport is approximately 30 miles south, providing global flight service.
Norcross, Georgia, is a city with a robust mix of industrial, commercial, and residential activity, all of which contribute to driving sales for local businesses. The city's strategic location on major transportation corridors like I-85 and Peachtree Industrial Boulevard, combined with its diverse population, makes it an attractive place for new ventures. Here are some of the key developments that could drive sales for businesses:
New Commercial and Industrial Facilities: The area is seeing new construction and development of industrial and commercial spaces. For example, WesPro JCB is building a new facility in Norcross to expand its heavy equipment sales and service capabilities, which will create business-to-business sales opportunities. There are numerous listings for new or redeveloped commercial properties, including office, retail, and industrial spaces, indicating a healthy market for new and expanding businesses.
Residential Growth: The development of new apartments, townhomes, and single-family homes in Norcross and the surrounding areas is bringing in a steady influx of new residents. This population growth directly creates a new customer base for local retail stores, restaurants, and service providers.
Downtown Revitalization: The Downtown Development Authority of Norcross is actively working to revitalize the central business district. These efforts, which include making long-range plans and financing projects, are aimed at creating a more vibrant and appealing downtown that attracts both residents and visitors, which will drive sales for businesses in the area.
New Businesses and Franchises: New businesses are consistently choosing to open in Norcross. Recent examples include a new BBQ+Rice location on Buford Highway and other new businesses like a car audio shop and a burger joint. The presence of these new businesses indicates a healthy and expanding market.
Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.