Overview
- 178 Rooms
- Category
- Apartments, Studio Zoned Apartments
Description
📍 5885 Oakbrook Pkwy, Norcross, GA 30093
🛏 178 Units | 3.79 Acres | Zoned Multifamily / Hospitality / Assisted Living / Extended Stay
1. Large-Scale Repositioning with Multi-Use Zoning in Place
The Monarch at Norcross presents a 178-unit interior corridor repositioning opportunity with zoning already in place for multifamily, hospitality, assisted living, and extended stay. With entitlement risk minimized and renovations permitted, investors can move directly into execution and stabilization.
2. Flexible Operational Strategy
Offered as-is or fully renovated, the property can operate as extended stay or transition into apartment units upon renovation completion. Kitchenettes will be added, positioning the asset for workforce housing, long-term residential demand, or alternative assisted living use.
3. Strategic Gwinnett Location
Located within the Gwinnett Village retail corridor and just two turns off I-85, the property benefits from strong accessibility and established commercial infrastructure. The site sits in a high-density submarket with consistent residential and employment demand drivers.
4. Scale + Entitlement = Long-Term Value
With nearly four acres across three 3-story buildings, this asset provides operational scale and multiple end-use pathways. The zoning breadth supports long-term flexibility as market conditions evolve.
