29 Jones St - Restaurant FOR SALE


Norcross, GA 30071- Downtown Norcross
$1,150,000 USD
419-260-6388
29 Jones St, Norcross, GA for Sale
$1,150,000 USD
Restaurant - FOR SALE
1/9
null | 8.35% Cap Rate

29 Jones St
Norcross, GA 30071
Downtown Norcross


OVERVIEW

• Rare Historic Downtown Investment Opportunity • Approximately 2,800 SF Building • Additional ±1,100 SF Outdoor Patio Area • Approximately $96,000 Annual NOI • Over 3 Years Remaining on Existing Lease • Additional 5-Year Renewal Option • 2.5% Annual Rental Increases • Real Estate Only — Existing Restaurant Business Not Included • Prime Location in the Heart of Historic Norcross • Walkable Downtown Environment with Strong Foot Traffic • Surrounded by Dining, Retail, Entertainment & Community Events • Unique Long-Term Investment Opportunity with Stable Cash Flow 29 Jones Street presents a rare opportunity to acquire a historic, income-producing asset in the heart of Historic Norcross. Located within one of Metro Atlanta’s most vibrant and walkable downtown districts, the property offers a unique combination of character, stable cash flow, and long-term upside potential. The offering consists solely of the real estate and building improvements and does not include the existing restaurant business. The property features approximately 2,800 SF of interior space along with an additional ±1,100 SF outdoor patio area, creating a highly desirable setting for restaurant, hospitality, retail, or experiential uses. The property is currently occupied by an established tenant with over three years remaining on the existing lease term, plus an additional five-year renewal option. The lease also includes 2.5% annual rental increases, providing built-in revenue growth and investment stability. Strategically positioned in downtown Norcross, the property benefits from strong pedestrian traffic, exceptional visibility, and immediate access to surrounding restaurants, retail, parks, entertainment, and community events. With approximately $96,000 in annual NOI, 29 Jones Street offers investors the opportunity to acquire a premier downtown asset in one of Gwinnett County’s most sought-after markets.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29 Jones St/Ironhorse Tavern

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,065 SF

ZONING

HX Historic Mixed Use

APN/PARCEL ID

6-254A-004

ASK ABOUT THIS PROPERTY

Adam DewitThe Quin Group, Inc.More Info
419-260-6388

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Adam DewitThe Quin Group, Inc.More Info
419-260-6388

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