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    3041 Canton Hwy Cumming, GA 30040

    For Sale
    $1,050,000

    7.63 Acres, CBD Zoning, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 7.63-acre commercial property in Cumming, Georgia presents a remarkable investment opportunity. Located at 3041 Canton Highway, this strategically positioned corner lot boasts high visibility and easy access from Canton Highway and Aaron Sosebee Road, offering two convenient ingress/egress points. The property is already zoned CBD, allowing for the construction of up to 30,000 square feet of building space. This zoning designation, coupled with its location within Forsyth County's Special Development Node, significantly enhances its value and potential for development. The existing house on the property is vacant and considered to have no market value. The total acreage includes a combined 3-acre lot currently listed at $1,050,000 and an adjacent 4.63-acre lot available for $1,600,000 ($350,000 per acre). This combined parcel offers a unique opportunity to develop a substantial commercial project in a high-growth area. The light-controlled corner location further adds to the property's desirability and potential return on investment. This is a rare chance to acquire a large, well-located commercial parcel with significant development potential in a thriving market. The combined acreage provides ample space for a variety of commercial uses, making it an ideal investment for developers and entrepreneurs alike.

    Property Features for 3041 Canton Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1959
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.21577
    Latitude
    34.23861

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    FAQs

    What type of property is this?
    Commercial real estate - 7.63 Acres, CBD Zoning, High Visibility
    Where is this commercial real estate located?
    The property is located at 3041 Canton Hwy Cumming, GA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    (770) 889-6090
    Request Owner's contact information
    3041 Canton Hwy Cumming, GA 30040
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    Cumming, GA 30040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3041 Canton Hwy Cumming, GA 30040
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