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    3616 Canton Hwy Cumming, GA 30040

    Sponsored
    For Sale
    $3,400,000

    3.4 Acres, CBD Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.4-acre commercial land parcel presents a remarkable investment opportunity in the thriving Cumming, Georgia market. Strategically located at a signalized intersection of Canton Highway and Tribble Road, this property boasts significant frontage on both major thoroughfares. The site benefits from a high average daily traffic count of 16,100 vehicles on Canton Highway, ensuring exceptional visibility and accessibility for any commercial venture. Zoned CBD (Central Business District) within Forsyth County, this versatile land allows for a wide range of development possibilities. The property features rolling topography and includes existing infrastructure such as a detention pond, stormwater runoff management, some curbing, and sewer lines already in place, significantly reducing development costs and timelines. Furthermore, the area is experiencing substantial growth, with key residential developments currently underway, promising a strong and expanding customer base. The property's location within the highly sought-after Forsyth County school district, serving Sawnee Elementary, Liberty Middle, and West Forsyth High schools, adds further appeal. This is a rare opportunity to acquire a prime commercial site in a rapidly growing area with excellent infrastructure and high visibility. The asking price is $3,400,000.

    Property Features for 3616 Canton Hwy

    General Information

    Property type
    Land
    Lot Size
    148,104 SF

    HighLights

    • ± 3.4‑acre commercial land parcel in Cumming, GA.
    • CBD zoning in Forsyth County.
    • Rolling topography.
    • Signalized intersection of Canton Hwy and Tribble Rd, with frontage on both.
    • 16,100 ADT on Canton Hwy.
    • Nearby residential developments underway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.2274149
    Latitude
    34.239556

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    FAQs

    What type of property is this?
    Land - 3.4 Acres, CBD Zoning, High Traffic
    Where is this land located?
    The property is located at 3616 Canton Hwy Cumming, GA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: ± 3.4-acre commercial land parcel in Cumming, GA.; CBD zoning in Forsyth County.; Rolling topography.
    (678) 429-1990
    Request Owner's contact information
    3616 Canton Hwy 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
    3616 Canton Hwy Cumming, GA 30040
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