4615 Stone Mountain Hwy - Freestanding FOR SALE


Lilburn, GA 30047
$1,075,000 USD
404-272-3880
4615 Stone Mountain Hwy, Lilburn, GA for Sale
$1,075,000 USD
Freestanding - FOR SALE
1/19
null | 6.56% Cap Rate

4615 Stone Mountain Hwy
Lilburn, GA 30047


OVERVIEW

The one-of-a-kind Lucerne Lake-front property is a freestanding +/- 4,456/sf building on 2.06 acres with approximately +/-.75 usable acres. The C-2 zoned (Gwinnett County) property is on a 40-acre private lake, 12 miles from Atlanta, 3 miles to booming Snellville, with sewer and three retail suites including the 2nd floor Coffee-Cafe, 1st floor Music School space and a private office. Located on one of the busiest streets in Metro-Atlanta with 72,600 cars per day, this high-visibility destination site is truly an irreplaceable property. The building, formerly a house built in 1938, has been renovated several times as needed throughout the years. The Owner acquired the property in 1996 and renovated the 1st floor to be a Music School; it includes a reception area, 9 offices, 2 restrooms (with plumbing for another) and remodeled the rear part of the building as a separate “full suite” overlooking the lake, with kitchen, full restroom and separate entrance. Starbucks renovated the coffee shop in 2001 prior to moving in, and minimal renovations were done in 2010 prior to Alcove Coffee Cafe moving in. Cap Rate increases to 6.97% in June 2025. Value add potential: Opportunity to increase the Coffee/Café space rent in 2+ years at lease renewal and/or with a new Café tenant open evenings with “Happy Hour,” serving beer, wine, appetizers, and taking full advantage of the gorgeous sunsets and wildlife, including ducks, turtles, hawks and herons.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gwinnett Music Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

C2, Gwinnett County

APN/PARCEL ID

R6063B-212

ASK ABOUT THIS PROPERTY

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404-272-3880

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404-272-3880

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