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    205 Pilgrim Mill Rd Cumming, GA 30040

    For Sale
    $795,000

    1.378 Acres, CBD Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.378-acre commercial lot presents a remarkable investment opportunity in the thriving city of Cumming, Georgia. Ideally situated in a CBD-zoned area, this property boasts approximately 300 feet of road frontage on Pilgrim Mill Road, ensuring high visibility and accessibility. Its strategic location places it within easy walking distance of Cumming's downtown square, government buildings, and a variety of restaurants, providing immediate access to a vibrant community. The property includes an existing 1,688 square-foot building, previously converted into retail space, offering immediate potential for various uses or redevelopment. Furthermore, its proximity to GA 400 (Exit 15, Bald Ridge Road), approximately ¾ of a mile away, provides convenient access to major transportation arteries. The high traffic count of approximately 13,500 cars per day at the intersection of Pilgrim Mill Road and Pirkle Ferry Road underscores the significant potential for commercial success. This property offers a unique blend of established infrastructure and prime location, making it an ideal site for a diverse range of commercial ventures. The asking price is $795,000. The Forsyth County address is 205 Pilgrim Mill Rd, Cumming, GA 30040. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area.

    Property Features for 205 Pilgrim Mill Rd

    General Information

    Property type
    Land
    Lot Size
    60,026 SF

    HighLights

    • $795,000 asking price.
    • 1.378‑acre commercial lot.
    • Located in Cumming, GA, Forsyth County, zip code 30040.
    • CBD zoning.
    • Approximately 300 feet of road frontage near downtown Cumming, with proximity to government buildings, the downtown square, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    20 Degrees South Boutique

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Law Firm Dental Office Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1360537
    Latitude
    34.2077904

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    FAQs

    What type of property is this?
    Land - 1.378 Acres, CBD Zoning, High Traffic
    Where is this land located?
    The property is located at 205 Pilgrim Mill Rd Cumming, GA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 1.378-acre commercial lot.; Located in Cumming, GA, Forsyth County, zip code 30040.
    Request Owner's contact information
    205 Pilgrim Mill Rd 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
    205 Pilgrim Mill Rd Cumming, GA 30040
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