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165 Perry Street, Lawrenceville, GA

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165 Perry Street

Lawrenceville, GA 30046-4849 - Lawrenceville/Dacula Ret Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1910
Building Size:3,340 SF Land Area:.06 AC (2,614 SF)
For Sale Price:$599,000 Price/SF:$179.34
Cap Rate:7.02 %

Sale Notes:
Restaurant/retail redevelopment opportunity
3,340 SF 100+ year old retail storefront (108’+- x 31’+-) zoned BCG
Original brick, hardwood floors, high ceiling, wood post and beam construction
Located on the square facing historic county courthouse
Bordered by properties under substantial renovation
Next to proposed walkway to rear public parking lot
Dining destination area

165 N Perry Street is a redevelopment opportunity of a 3,340 square foot historic 1910 retail storefront building on the courthouse square in downtown Lawrenceville. The downtown has experienced a resurgence with new residential housing and a reputation as a dining destination. Within one block of the square are 10 food and beverage related experiences.
The 100+ year old historic retail storefront building (108’+- deep by 31’+- wide) features original hardwood floors, brick walls and façade and wood post and beam construction with a 14 ceiling. The ceiling height and building width are not available in most other historic square properties. The roof was replaced in 2009 with a 25 year warranty. Similar to the rehabilitation of adjacent buildings, this property is a candidate for a second level providing views of the historic courthouse.
The property is adjacent to the City’s proposed walkway to the rear public parking lot. Substantial investments are under way to relocate the Local Republic restaurant to a 2 story home three properties to the south and for CAS Architecture to relocate its studio\office two properties to the north. Both renovations will result in second floor levels with views of the courthouse, gazebo and lawn. Please see map.
Two blocks east is the restored Aurora Theater offering regular performances attracting visitors to the square and providing additional parking in a deck.

Matthew J Levin
(770) 209-1700 x3

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