1192 Margo TRL, Lawrenceville Active
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- Sale type
- —
- Property subtype
- RESID
- Lot size
- 8.93 acres
- Zoning
- —
- Frontage
- —
- Listing #
- EN-11119
- MLS #
- 10775218
Unique opportunity to build your dream home in a private setting but close to everything. Also perfect for a developer. Rear of property has approximately 480 feet frontage on Lake Chadwick. 1192 Margo Trail is 0.98 acres and is being sold together with Margo Trail (4 acres) and 1473 Sever Rd. (3.95 acres) for a total of 8.93 acres. There is a 1008 sf ranch home on 1192 Margo Trail property that is tenant occupied. The current condition of the home is unknown at this time. Do not disturb tenant. 1473 Sever Rd. has a 2079 sf ranch home on a full finished basement (4109 total sf) and needs full interior rehab. There is a tenant in the basement portion of the home. Do not disturb tenant. Current homes on septic, but sewer does run along lake side so there is access for development purposes. Margo Trail does not have a street number and is 4 acres with no structures. Current zoning is R100 for the two properties with homes and RZT for the other property. These 3 parcels can also be purchased together with 1215 Margo Trail (see FMLS # 7778937 or 7779024) for a total of 16.57 acres. Acreage available to be walked with a confirmed appointment AND your agent present during showing. DO NOT ATTEMPT TO ENTER any of the properties and do not disturb tenants. Structures on the properties are being sold in "as-is" condition.
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GWINNETT County snapshot
Gwinnett County is one of the largest and most populous counties in the Atlanta metro area, having grown substantially over recent decades from a mix of suburban expansion and significant in-migration, including a notably diverse population base spanning many ethnicities and countries of origin. Household incomes tend to be middle to upper-middle class on average, though there's considerable variation across its many distinct cities and unincorporated areas, some more affluent and some more working-class. The local economy is diversified rather than dependent on a single industry, supported by retail, logistics, healthcare, and small business activity tied to its dense residential population and proximity to Atlanta. For someone evaluating a small business purchase, this suggests a generally stable, growing customer base with steady demand, but success will likely depend heavily on the specific neighborhood, competition, and how well the business serves the area's diverse community.
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