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1.82 Acre Atlanta Msa Parcel

Scenic Hwy N : Lawrenceville, GA 30045

Gwinnett County, Georgia

1.82 Acres
Land Auction
June 5, 2024 12:30 PM
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Property Description

RI Marketplace Online Auction June 3-5, 2024.

Register to Bid on Marketplace.

Investment Highlights

Well-Positioned 1.82-Acre Path of Growth Parcel Near Sugarloaf Parkway in Atlanta Msa.

Favorable BG, General Business, Zoning with Flexible Uses Permitted including Retail, Professional Office, Restaurant, Medical, Self-Storage (special use), and others.

Nearby National Retail include Publix, Lidl Grocery, Hobby Lobby, Sprouts Farmers Market, H&M, Sephora, Zaxby's, Wendy's, Dunkin, Pep Boys, Crunch Fitness, Extra Space Storage, and More.

Direct Frontage on Scenic Highway N with Traffic Counts of ±39,600 VPD and Just South of Sugarloaf Highway with an Additional 38,829 Vpd.

Dense Demographics with 5-Mile Population of ±197,968 and Annual Household Income of ±$95,685.

15.57% Population Growth from 2010-2023 and 2.96% Growth Projected from 2023-2028 (5-mile radius).

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present a 1.82-Ac parcel located at 860 & 870 Scenic Highway (the “Property”) in Lawrenceville, Georgia just outside Atlanta. The Property offers an exceptional development opportunity in a growing, robust trade area.

The Property is vacant land and consists of two adjacent parcels totaling 1.82 acres with existing infrastructure including public water & sewer, stormwater detention, graded lot, and curb cut. The Property has almost 340' of frontage on Scenic Highway, benefitting from access and visibility to traffic counts of ±39,600 vehicles per day. There is also a cross-access easement in place at the corner parcel that provides direct access to Sugarloaf Parkway. Retail demand generators in the area include Publix, Lidl Grocery, Hobby Lobby, Sprouts Farmers Market, H&M, Sephora, Zaxby's, Wendy's, Dunkin, Pep Boys, Crunch Fitness, Extra Space Storage, numerous restaurants, and more. The Property is zoned General Business, BG, which allows for many commercial uses including restaurant, retail, office, and self-storage (special use).

Lawrenceville is a city in Gwinnett County, Georgia which enjoys a prime position in the bustling Atlanta metropolitan area, offering excellent accessibility to major transportation corridors, including Interstate 85, University Pkwy (Highway 316), and Sugarloaf Parkway. The Property benefits from a prime location just east of Peachtree Corners (15-Miles) and northeast of Atlanta (30-Miles). The Property further benefits from strong demographics with a population of 197,968 residents and an average household income of $95,685 within a 5-mile radius. The population has experienced 15.57% growth from 2010-2023 with 2.96% growth expected to continue through 2028.

Lamar P. Fisher

Fisher Auction Company Inc.

License: Aunr003157

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