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    Russell Pkwy Forsyth, GA 31029

    For Sale
    Contact for pricing

    High-traffic commercial land, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land parcel presents a unique investment opportunity in Forsyth, Georgia. Boasting prime highway business zoning, this property offers unparalleled visibility due to its strategic location off Russell Parkway with frontage on N Lee Street. The asking price is $600,000 per acre. This location benefits from exceptional traffic counts, with 2021 GDOT estimates showing 87,000 vehicles per day (VPD) on I-75 Northbound and 88,900 VPD on I-75 Southbound, along with 11,800 VPD on Cabiniss Road. The site is well-serviced, with water and sewer readily available. A master detention system is also in place. To further enhance the property's appeal, the developer will provide rough grading and construct a drive leading to a storage facility at the rear of the property. This turnkey approach minimizes upfront development costs and accelerates the path to occupancy. This is an ideal location for businesses seeking high visibility and convenient access to major transportation arteries. The property's size and zoning make it suitable for a variety of commercial uses. Don't miss this chance to secure a prominent location in a rapidly growing area.

    Property Features for 0 Russell Pkwy

    General Information

    Property type
    Land

    HighLights

    • Water and sewer utilities are available on‑site.
    • On‑site master detention system available.
    • Sites will be rough graded; developer will install a drive to the rear storage area.
    • High traffic counts: I‑75 North (87,000 VPD), I‑75 South (88,900 VPD), Cabiniss Road (11,800 VPD) (2021 GDOT estimate).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Forsyth
    County
    Monroe
    State
    Georgia
    Longitude
    -83.942161
    Latitude
    33.0422207

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    FAQs

    What type of property is this?
    Land - High-traffic commercial land, excellent visibility.
    Where is this land located?
    The property is located at Russell Pkwy Forsyth, GA.
    What are key features of this property?
    This property features: Water and sewer utilities are available on-site.; On-site master detention system available.; Sites will be rough graded; developer will install a drive to the rear storage area.
    Request Owner's contact information
    Russell Pkwy Forsyth, GA 31029
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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
    Russell Pkwy Forsyth, GA 31029
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