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.