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    5529 Castleberry Rd Cumming, GA 30040

    For Sale
    $3,200,000

    6.04 acres, A1 zoning, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6.04-acre property located at 5529 Castleberry Rd, Cumming, GA 30040, presents a unique investment opportunity. Currently zoned A1 (Agricultural), this land offers significant potential for both residential and commercial development. The property's strategic location provides excellent access to key transportation arteries. Specifically, it benefits from proximity to Bethelview Road, boasting an impressive 2021 Annual Average Daily Traffic (AADT) count of approximately 32,400 vehicles, and Castleberry Road with an AADT of approximately 10,600 vehicles. This high traffic volume underscores the property's strong visibility and accessibility, making it an attractive site for various commercial ventures. The asking price is $3,200,000, translating to $500,000 per acre. The seller is open to considering offers contingent upon successful rezoning. This presents a compelling opportunity for developers seeking a substantial land parcel in a rapidly growing area of Forsyth County, Georgia. The property's size and location make it ideal for a variety of projects, offering significant long-term growth potential. Detailed traffic studies are available upon request. Don't miss this chance to acquire a prime piece of land in a thriving market.

    Property Features for 5529 Castleberry Rd

    General Information

    Property type
    Land
    Lot Size
    263,102 SF

    HighLights

    • 6.04‑acre development site in Cumming, GA.
    • Zoned A‑1 (Agricultural), rezoning contingent.
    • High traffic counts: ~32,400 AADT on Bethelview Rd, ~10,600 AADT on Castleberry Rd.
    • $3,200,000 asking price ($500,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.18962137817
    Latitude
    34.171181076811

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    FAQs

    What type of property is this?
    Land - 6.04 acres, A1 zoning, development potential.
    Where is this land located?
    The property is located at 5529 Castleberry Rd Cumming, GA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 6.04-acre development site in Cumming, GA.; Zoned A-1 (Agricultural), rezoning contingent.; High traffic counts: ~32,400 AADT on Bethelview Rd, ~10,600 AADT on Castleberry Rd.
    (770) 955-2434
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    5529 Castleberry Rd 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
    5529 Castleberry Rd Cumming, GA 30040
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