Listed by Keller Williams Intown Atlanta
$4,195,000
6855 Jimmy Carter Blvd
Details
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 42,140
Tenancy Vacant
Year Built 1975
Buildings 5
Acreage 3.310
Zoning Cx-Community Mixed-Use
Parking Spaces 119 spaces
Parking Per SqFt 2.82
Ground Lease No
6855 Jimmy Carter Blvd, Norcross, GA 30071
Marketing description
Unlock massive upside potential with Veridian Business Park, an exceptional multi-building commercial campus situated at 6855 Jimmy Carter Blvd in the high-demand Norcross/Peachtree Corners submarket. Previously occupied by a large law firm, this 3.31-acre property is being delivered entirely vacant, presenting a premier value-add investment opportunity or an ideal corporate headquarters setup. The campus features five distinct, well-maintained office buildings totaling over 42,000 square feet, offering an incredibly versatile layout for a single major user or multi-tenant repositioning. Investors can capitalize on a heavily pro-forma-driven upside with significant projected IRR and stabilized cap rate potential. Boasting 300 feet of highly visible frontage directly on Jimmy Carter Boulevard, the property ensures maximum brand exposure. It features 119 dedicated parking spaces and sits within a designated Opportunity Zone, unlocking powerful tax incentives for the right buyer. Location Highlights: - Less than a mile from the intersection of Jimmy Carter Blvd & Peachtree Industrial Blvd. - Exceptional regional connectivity with quick access to I-85, I-285, and GA-141. - Minutes from historic downtown Norcross and the thriving retail/dining hubs of Peachtree Corners. - Conveniently positioned along Gwinnett County transit bus routes.
Investment highlights
A premier Value-Add opportunity consisting of five (5) freestanding office buildings totaling 42,140 SF on 3.31 acres. Strategically located with massive frontage on Jimmy Carter Blvd, this site is primed for professional services, medical conversion, or adaptive retail reuse.
Investment Highlights
- Irreplaceable Location: High-visibility corridor with 44,000+ Vehicles Per Day.
- Flexible Zoning (CX - Mixed Use): Accommodates Office, Retail, and Restaurant uses.
- Delivered Vacant: Clean slate for immediate renovation and stabilized leasing.
- Scale: Rare 3.3+ acre site in a mature, high-demand submarket.
The "OZ" Advantage: Federal & State Incentives
This property is situated within a Tier 1 Georgia Opportunity Zone, providing unmatched tax-efficiency.
1. Federal Tax Incentives (Capital Gains)
Reinvesting capital gains into this asset via a Qualified Opportunity Fund (QOF) allows for:
- Temporary Deferral: Defer taxes on original capital gains through 2026.
- Zero Capital Gains on Appreciation: Hold the asset for 10 years and pay 0% Federal Tax on any profit made from the eventual sale of the property.
2. Georgia State Job Tax Credits (The "Business Play")
A massive incentive for Owner-Users or tenants moving to the site:
- $3,500 Annual Credit per Job: Available for every new full-time job created (minimum of 2).
- 5-Year Benefit: Total credit of $17,500 per employee over five years.
- Payroll Offset: Credits can be used to offset 100% of Georgia income tax liability and/or employee withholding taxes.
3. Local Gwinnett County Perks
- Expedited Permitting: Priority "Fast Track" review for renovation or development plans.
- Incentive Programs: Eligibility for local occupation tax reductions and fee waivers.
Listing Contacts
Listed by Keller Williams Intown Atlanta
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