Steve Reynolds / I-85 Owner-User & Investment Opportunity

Duluth | Gwinnett County, Georgia
Freestanding Owner-User / Investment Opportunity with Long-Term Redevelopment Optionality

EXECUTIVE SUMMARY

3480 Steve Reynolds Boulevard presents an opportunity to acquire a 21,027 SF freestanding commercial property situated on approximately 2.26 acres along the I-85 corridor in Duluth, Georgia.

The single-story building features 23′ clear height, approximately 120 surface parking spaces, multiple points of ingress and egress, rear loading access, substantial roadway frontage, and prominent visibility from I-85.

Positioned near the intersection of Steve Reynolds Boulevard and Venture Drive and immediately adjacent to Sam’s Club, the Property benefits from established regional retail traffic and excellent connectivity to I-85. A permanent rear access easement through the adjoining property provides an additional point of circulation and direct access to the rear of the building.

For an owner-user, the Property provides a rare combination of building functionality, parking, visibility, access, and existing commercial infrastructure. For an investor, the Property offers flexibility for continued commercial use or future repositioning while preserving the longer-term redevelopment potential of the underlying ±2.26-acre site.

The Seller may consider a short-term sale-leaseback of approximately 6–9 months following closing, providing additional flexibility for an incoming purchaser.

INVESTMENT HIGHLIGHTS

• Offering Price: $6,259,000
• Building Size: 21,027 SF
• Site Area: ±2.26 Acres
• Clear Height: 23′
• Parking: ±120 Surface Spaces
• Zoning: C-2, Gwinnett County
• Freestanding Commercial Building
• Prominent I-85 Exposure
• Frontage on Steve Reynolds Boulevard & Venture Drive
• Multiple Points of Ingress / Egress
• Permanent Rear Access Easement
• Rear Loading / Service Access
• Adjacent to Sam’s Club
• Existing EV Charging Infrastructure
• Potential 6–9 Month Seller Sale-Leaseback
• Long-Term Redevelopment Optionality

THE WHERE

Steve Reynolds Boulevard / Venture Drive | I-85

The Property occupies a highly visible position along one of Gwinnett County’s principal commercial corridors, combining immediate I-85 connectivity with substantial frontage along Steve Reynolds Boulevard and Venture Drive.

The site benefits from approximately 205′ of I-85 exposure, 471′ of Venture Drive frontage, and 330′ of Steve Reynolds Boulevard frontage.

Traffic volumes further reinforce the Property’s visibility and accessibility:

• I-85: 285,329 VPD
• Steve Reynolds Boulevard: 44,137 VPD
• Venture Drive: 14,597 VPD

The Property is immediately adjacent to Sam’s Club, placing it within an established regional retail destination while benefiting from multiple access points and a permanent rear access easement.

Location Advantages:

• Immediate connectivity to I-85
• Exceptional interstate visibility
• Multiple ingress and egress points
• Frontage along Steve Reynolds Boulevard and Venture Drive
• Permanent rear access easement
• Established regional retail environment
• Proximity to Gwinnett Place and Pleasant Hill Road
• Central Gwinnett County location with regional accessibility

THE WHY

A Functional Asset Today. Strategic Optionality Tomorrow.

3480 Steve Reynolds is differentiated by its ability to support an operating business today without sacrificing longer-term flexibility.

The Property provides the parking, clear height, access, loading capability, visibility, and infrastructure sought by many owner-users but increasingly difficult to replicate in established commercial locations along I-85.

For an owner-user, ownership provides control over occupancy costs, location, future improvements, and long-term real estate value rather than committing substantial capital to improvements within a leased facility.

For an investor, the same physical characteristics provide flexibility for future leasing or repositioning. Longer term, the approximately 2.26-acre site and its position within the Venture Drive redevelopment area create an additional land-value component.

The investment thesis does not depend upon redevelopment. The existing real estate provides utility today while redevelopment represents an additional long-term option.

PROPERTY & BUILDING OVERVIEW

The existing improvements provide a substantial platform for continued commercial occupancy.

• 21,027 SF freestanding building
• ±2.26-acre site
• Single-story configuration
• 23′ clear height
• Reinforced concrete construction
• ±120 surface parking spaces
• Rear loading / service area
• Multiple access points
• Existing EV charging infrastructure
• C-2 zoning

The building’s size and configuration may accommodate a variety of users requiring a combination of customer-facing space, substantial parking, storage or merchandising capability, and service/loading access.

OWNER-USER OPPORTUNITY

The Property provides an attractive alternative to leasing for established businesses seeking to control their real estate.

The combination of a 21,027 SF freestanding building, approximately 120 parking spaces, 23′ clear height, rear loading capability, and prominent interstate visibility creates a flexible platform for a range of retail, showroom, specialty commercial, and corporate owner-user requirements.

An incoming owner-user may also have the opportunity to utilize portions of the Property’s existing infrastructure and improvements, potentially reducing the capital and time required to prepare the facility for occupancy.

EXISTING COMMERCIAL IMPROVEMENTS

The building contains substantial existing infrastructure and improvements associated with its current commercial use.

Depending upon an incoming purchaser’s requirements, these improvements may provide value through:

• Reduced initial build-out requirements
• Lower tenant improvement expenditures
• Shorter construction timelines
• Reduced downtime prior to occupancy
• Existing lighting and electrical infrastructure
• Existing security, data, and communications systems
• Existing merchandising and customer-facing improvements
• Existing storage and operational infrastructure

Certain FF&E and tangible assets may be available separately, subject to agreement with the Seller. Their usefulness and value will vary based upon the purchaser’s intended use and should be evaluated independently from the underlying real estate.

ACCESS, PARKING & LOADING

Access is one of the Property’s strongest physical attributes.

The site provides multiple points of ingress and egress serving Steve Reynolds Boulevard and Venture Drive, while a permanent non-exclusive rear access easement through the adjoining property provides additional circulation and direct access to the rear loading area.

This arrangement allows service and delivery traffic to access the rear of the building without relying solely on the primary customer parking field.

Approximately 120 surface parking spaces provide a parking supply capable of supporting a broad range of commercial uses.

ZONING & USE FLEXIBILITY

The Property is zoned C-2 by Gwinnett County, supporting a broad range of commercial uses subject to applicable zoning requirements and approvals.

The building and site characteristics may appeal to a variety of potential users, including:

• Specialty retail
• Showroom users
• Furniture / home furnishings
• Building products
• Fitness or recreational concepts
• Medical or service-oriented commercial users
• Corporate owner-users
• Retail / warehouse hybrid operations
• Other destination-oriented commercial uses

Prospective purchasers should independently verify zoning and the suitability of the Property for their intended use.

LONG-TERM REDEVELOPMENT OPTIONALITY

While the existing building represents an important component of the offering, the underlying land provides an additional long-term investment consideration.

The Property is located within the Venture Drive Redevelopment Overlay, an area identified by Gwinnett County for long-term transformation into a denser, more connected mixed-use district.

The overlay provides a framework for greater development intensity, including provisions allowing up to 5.0 FAR, subject to applicable requirements, approvals, and site-specific feasibility.

The 5.0 FAR standard represents a regulatory maximum and should not be interpreted as an entitlement or representation that such density can necessarily be achieved on the Property.

For a purchaser, the significance is straightforward: the Property can be acquired for its existing commercial utility today while preserving the ability to evaluate a substantially different highest and best use over the longer term.

CORRIDOR INVESTMENT & FUTURE CONNECTIVITY

The surrounding Venture Drive / Gwinnett Place area continues to be the focus of public planning, infrastructure investment, and redevelopment initiatives.

Planned transportation and connectivity improvements include enhancements along Steve Reynolds Boulevard and the proposed Venture Drive Multi-Use Trail, which is intended to improve pedestrian connectivity through the corridor.

These initiatives complement broader redevelopment efforts underway throughout the Gwinnett Place area and reinforce the Property’s position as both a functional commercial asset today and a strategically located land holding for the future.

INVESTMENT SUMMARY

3480 Steve Reynolds Boulevard offers a compelling combination of:

• Functional 21,027 SF freestanding commercial building
• ±2.26 acres of strategically positioned land
• 23′ clear height
• Approximately 120 parking spaces
• Exceptional I-85 exposure
• Multiple points of access
• Rear loading and service access
• Existing commercial infrastructure
• Established retail adjacency
• Owner-user flexibility
• Investment and repositioning potential
• Potential short-term seller occupancy
• Long-term redevelopment optionality

For an owner-user, the opportunity is to control a highly functional and visible commercial facility rather than lease one. For an investor, the Property provides multiple potential paths for future leasing, repositioning, or redevelopment.

OFFERING PROCESS

The Property is offered for sale on an as-is, where-is basis.

Offering Price: $6,259,000

The Seller may consider a 6–9 month sale-leaseback following closing, with final terms subject to negotiation.

Qualified purchasers are encouraged to review the Offering Memorandum and contact Harbor Haven Realty for additional information or to arrange a property tour.

DISCLAIMER

The information contained herein has been obtained from sources believed to be reliable; however, Harbor Haven Realty makes no representation or warranty as to its accuracy or completeness. Prospective purchasers should conduct their own independent investigation and due diligence. The Property is offered subject to errors, omissions, changes, withdrawal, or sale without notice.

CONTACT INFORMATION

Michael Anderson
Founder & Managing Principal | Investment Sales & Commercial Advisory
Harbor Haven Realty
404.513.3417
Manderson@harborhavenrealty.com