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117 Buford Dr. and 203 Chestnut St. 117 Buford Dr 7,000 SF Retail Building Lawrenceville, GA 30046 $3,978,372 CAD ($568.34 CAD/SF)

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EXECUTIVE SUMMARY

Strategically positioned at the entrance to Lawrenceville’s entertainment district, this 0.71-acre corner property offers exceptional visibility and high traffic counts with frontage on Buford Drive and Chestnut Street. Comprised of two parcels and zoned for mixed-use, the site supports a range of development options including retail, office, residential, and hospitality. Approximately 50% of the existing building is configured for office use, with the remainder adaptable for various commercial purposes. The site also presents the unique potential for a distillery, aligning with the area's entertainment-focused growth. The vacant lot included in the offering allows for future expansion, and a leaseback option from the current owner provides immediate income potential. Additionally, there is an opportunity to assemble an adjacent parcel fronting Pike Street, expanding the total site size to approximately 1.18 acres. As Lawrenceville continues to see significant development and economic momentum, this site offers strong long-term investment value and a rare opportunity to establish a landmark project at a gateway location.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2000
Price
$3,978,372 CAD
Price Per SF
$568.34 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.71 AC
Zoning
C1 - Central Business Dis - C1 - Central Business District

AMENITIES

  • Signage
  • Wheelchair Accessible

NEARBY MAJOR RETAILERS

Renasant Bank
Truist
Wells Fargo Home Mortgage
La Cazuela Mexican Restaurant
Planet Fitness
Waffle House
Buddy's Home Furnishings
Fifth Third Bank
Rent-a-center
United Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5-146B-090
Land Assessment
$92,685 CAD
Improvements Assessment
$468,481 CAD
Total Assessment
$561,166 CAD
  • Listing ID: 28385639

  • Date on Market: 2023-05-03

  • Last Updated:

  • Address: 117 Buford Dr, Lawrenceville, GA 30046

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