404-812-8927
1850 Lawrenceville Hwy, Decatur, GA for Sale
Freestanding - FOR SALE
1/13
null | Request Cap Rate

1850 Lawrenceville Hwy
Decatur, GA 30033
Medlock Park


HIGHLIGHTS

  • 100% Occupancy with tremendous long term upside potential
  • Below market rents
  • Prime location with excellent visibility on Lawrenceville Hwy - Over 76,000 cars passing per day
  • Located Inside the Atlanta Perimeter (I-285), where US-78 meets Hwy 29 (Lawrenceville Hwy)
  • The immediate area includes the Lulah Hills 73-acre mixed use redevelopment well as an expansive medical network for Emory Decatur Hospital
  • There are over 120,000 residents living within a 3-mile radius, the average household income exceeds $134,000 within a 3-mile radius

OVERVIEW

This is an excellent opportunity to own an 12,648 square foot retail center in a prime location on a highly trafficked highway feeding into Decatur and Downtown Atlanta. The property is currently 100% leased to 4 tenants. The property has 2 access points on Lawrenceville Highway, and a large parking lot with ample spaces. There is also a large sign with great visibility from the road. This corridor has seen a development boom over the last few years with additions such as Decatur Crossing, North Decatur Square, and the new Walmart complex. North Decatur Square is a mixed-use development built in 2018 by SJ Collins and is anchored by Whole Foods Market. Decatur Crossing is a retail center built in 2017 by Fuqua Development and anchored by Sprouts Market. The area continues to improve every year, as evidence by population growth and income in the area. As Atlanta continues to expand geographically at record pace, areas inside the I-285 Perimeter will continue to be in demand.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sky Lounge Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C1

APN/PARCEL ID

18-062-08-075

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.