425 W Pike St, Lawrenceville, GA 30046
sale
$350,000
|
Other
Courtesy Of Auction Management Corporation
Lawrenceville, GA: 4,400± SF Retail Building on 0.8± Acre with Strong Redevelopment Potential at 425 W. Pike St. (Gwinnett County) Executive Summary 425 West Pike Street is a highly visible commercial redevelopment opportunity located in the heart of Lawrenceville, along the heavily trafficked corridor of Georgia Highway 120 (W. Pike Street). The 0.8± acre site is improved with a 4,400± SF former retail facility and benefits from exceptional frontage, access, and positioning at a signalized intersection. The property offers a compelling value-add or redevelopment opportunity supported by strong demographics, institutional drivers, and daily traffic exposure of approximately 49,000 vehicles per day. The site is strategically positioned near key demand generators including Northside Hospital Gwinnett, which produces approximately 1.99 million annual visits, and the commercial-focused, historical and cultural center of Downtown Lawrenceville. Phase I Environmental Assessment due diligence indicates no evidence of recognized environmental conditions (RECs) in connection with the facility, enhancing the property's attractiveness for acquisition and redevelopment. Investment Highlights Prime Corner Location - Freestanding building positioned at a signalized intersection with a dedicated turn lane and curb cut on the primary corridor High Traffic Exposure - 49,000± vehicles per day along W. Pike Street (GA HWY 120) Strong Daytime Population - 20,000+ employees within a 1-mile radius Institutional Demand Drivers - Proximity to Northside Hospital Gwinnett (1.99M ± annual visits) Flexible Zoning - Zoned BG (General Business) allowing for a wide variety of commercial uses Infill Redevelopment Opportunity - Existing improvements provide a base for adaptive reuse or repositioning Parking Efficiency - Existing parking ratio of approximately 6.82 spaces per 1,000 SF Established Commercial Corridor - Surrounded by automotive, retail, civic, and residential uses Favorable Environmental Profile - No RECs identified in Phase I Environmental Assessment Education-driven Demand - Central Gwinnett and Discovery High School nearby Site & Improvements The property consists of approximately 0.792 acres (parcel ID: R5144 032) and is improved with an existing 4,400± SF single-story retail facility constructed in 1968. Site improvements include: Concrete and asphalt paving Existing ingress/ egress points including curb cut on primary roadway Dedicated turn lane access Stormwater infrastructure and drainage systems Utility connections including water and sewer service The existing structure includes masonry construction and was historically utilized as an automatic car wash. While the building is currently not in operation, it provides a strong foundation for repositioning, adaptive reuse, or redevelopment. Location & Market Overview Located in Lawrenceville, Georgia, the county seat of Gwinnett County, the property sits within one of Metro Atlanta's fastest-growing and most dynamic suburban markets. Lawrenceville is a vibrant city characterized by its diverse population, economic opportunities, and cultural richness. The area benefits from continued population growth and expanding commercial demand. The site is positioned within a dense and active commercial corridor featuring: Established single-family and multi-family residential neighborhoods nearby Long-standing and infill commercial development, with national and local retail options Civic and institutional uses: including adjacent City of Lawrenceville Public Works facility, and nearby Gwinnett County Courthouse Gwinnett County continues to experience significant long-term growth, with strong projections for population and employment expansion, reinforcing the viability of retail, service, and mixed-use development in this corridor.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 0
- Floors: 1
- MLSID: 11739417
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