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    Magnolia Cmns - Canton Hwy Cumming, GA 30040

    Sponsored
    For Sale
    $1,500,000

    1.13-acre commercial lot in Cumming, GA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.13-acre commercial land parcel, situated within the thriving Magnolia Commons development in Cumming, Georgia, presents a remarkable investment opportunity. Located on Canton Highway, this property boasts a prime location with excellent visibility and accessibility. The parcel is zoned CBD/General Commercial, allowing for a diverse range of uses including restaurants, banks, retail establishments, self-storage facilities, car washes, and dog daycares. All utilities are readily available, simplifying development and operational costs. The property benefits from its inclusion in a larger development with four available outparcels, offering potential for synergy and collaborative growth. Furthermore, the upcoming expansion of GA 20 is projected to significantly increase traffic volume from 26,000 cars per day to an estimated 38,000, further enhancing the property's commercial viability and attracting a larger customer base. The asking price for this strategically located and versatile commercial land is $1,500,000. This represents a compelling investment in a rapidly growing area of Forsyth County, Georgia, with significant potential for future appreciation. The shared detention system within the development ensures efficient and cost-effective infrastructure management. Don't miss this chance to secure a prime piece of commercial real estate in a high-growth market. The zip code is 30040.

    Property Features for 0 Magnolia Cmns - Canton Hwy

    General Information

    Property type
    Land
    Lot Size
    49,223 SF

    HighLights

    • 1.13‑acre commercial land parcel in Cumming, GA's Magnolia Commons development, on Canton Highway.
    • CBD/General Commercial zoning allows for diverse uses including restaurants, retail, and self‑storage.
    • Excellent visibility and accessibility, with all utilities available.
    • Part of a larger development with four available outparcels; GA 20 expansion will increase traffic to 38,000 cars daily.
    • Asking price: $1,500,000. Zip code: 30040.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.218990795486
    Latitude
    34.238941584739

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    FAQs

    What type of property is this?
    Land - 1.13-acre commercial lot in Cumming, GA
    Where is this land located?
    The property is located at Magnolia Cmns - Canton Hwy Cumming, GA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.13-acre commercial land parcel in Cumming, GA's Magnolia Commons development, on Canton Highway.; CBD/General Commercial zoning allows for diverse uses including restaurants, retail, and self-storage.; Excellent visibility and accessibility, with all utilities available.
    (678) 429-1990
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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.

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    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
    Magnolia Cmns - Canton Hwy Cumming, GA 30040
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