Value Add Investment With Future Redevelopment Opportunity

For Sale

5924 Buford Hwy, Norcross, GA 30071

This Norcross property for sale is located at 5924 Buford Hwy. The current listed sale price for Value Add Investment With Future Redevelopment Opportunity is $6,900,000. Value Add Investment With Future Redevelopment Opportunity is situated on a lot that is 5.74 acre in size.

Contacts

broker

Matthew J. Levin

SVN | Interstate Brokers

(770) 209-1700

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 54,000 SF
  • Units 9
  • Lot Size 5.74 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 23, 2024
  • HVAC None
.Please do not disturb the tenants. This 5.74 acre corner parcel has 54,000 square feet in 3 buildings 100% leased primarily to auto and truck service businesses, providing an opportunity for an investment with positive cash flow to hold until redevelopment. The metal buildings circa 1979 consist of 12,000 SF, 20,000 SF and 22,000 SF. Most of the 9 tenants have been leasing at the property for over seven years, have below market rent on short term absolute net leases, many on a month to month basis, allowing flexibility for the next owner. The site has attracted interest for multi-family development. The level rectangular site is zoned BH (Buford Highway) in the City of Norcross with over 340 feet of frontage on Buford Highway affording excellent visibility with a 29,000+ daily traffic count. Buford Highway road improvements include a divided median. An existing decel lane and the corner location at Lively Avenue provides access from both directions. The site has attracted attention for multi-family redevelopment

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Highlights

  • Please do not disturb the tenants
  • Value add multi-tenant opportunity / 5.74 acre future redevelopment
  • 8% projected cap rate / 9 tenant 100% leased / Most tenants have leased for 7+ years / Below market short term leases
  • 54,000 SF 3 metal bldgs on 5.74 acres
  • BH zoned corner with 340+ feet frontage and site access in both directions
  • 29,000+ daily traffic count
  • $64,000K+ avg HH inc. 88,000K+ pop 3 mi.

Attachments

Getting around

  • 65/100

    Walk Score ®

  • 40/100

    Bike Score ®

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Location

  • City Norcross, GA
  • Neighborhood Sheffield Forest
  • Zip Code 30071
  • Market Atlanta

Points of Interest

  • Doraville

    4.43 miles

  • Chamblee

    6.27 miles

  • Dunwoody

    7.55 miles

  • Dunwoody MARTA

    7.56 miles

  • Sandy Springs

    7.92 miles

  • Medical Center

    8.08 miles

  • Medical Center MARTA

    8.11 miles

  • North Springs

    8.24 miles

  • Brookhaven

    8.90 miles

  • Exxon

    0.12 miles

  • Chevron

    0.46 miles

  • Texaco

    0.57 miles

  • QuikTrip

    0.84 miles

  • Mobil

    0.84 miles

  • Citgo

    1.26 miles

  • RaceTrac

    1.34 miles

  • Speedway

    1.36 miles

  • Chevron

    1.43 miles

  • RaceTrac

    1.48 miles

  • Mister Car Wash - Stone Mountain

    5.10 miles

  • Mr Clean's Car Wash

    5.15 miles

  • Enterprise

    5.19 miles

  • Regional Carwash

    5.24 miles

  • Bubbles Car Wash

    5.87 miles

  • Budget

    6.41 miles

  • Shell

    6.72 miles

  • Georges Cleaners

    6.81 miles

  • Enterprise

    6.94 miles

  • Tidal Wave Auto Spa

    8.12 miles

  • Ivy Tea House

    0.33 miles

  • Mojito's

    0.40 miles

  • The Crossing

    0.43 miles

  • Zapata's

    0.46 miles

  • Paizanos

    0.46 miles

  • Burger King

    0.51 miles

  • Waffle House

    0.72 miles

  • McDonald's

    0.80 miles

  • Wendy's

    0.85 miles

  • Shane's Rib Shack

    1.31 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew J. Levin

SVN | Interstate Brokers

(770) 209-1700