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    1419 Buford Hwy Cumming, GA 30041

    For Sale
    $1,250,000

    1.92 Acres, High Visibility, CBD Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.92-acre commercial land parcel presents a prime redevelopment opportunity in Cumming, Georgia. Located on Buford Highway (Hwy 20), this highly visible property boasts approximately 320 feet of road frontage and benefits from a daily traffic count of approximately 40,000 vehicles. Zoned CBD (Commercial Business District), it offers immense flexibility for a variety of uses, including senior housing, self-storage facilities, medical offices, schools, daycare centers, retail establishments, or office buildings. A teardown home currently sits on the property. A previously approved concept plan for a 7,000 square foot office building is available. All utilities are either on-site or readily accessible. The property enjoys a strategic location near major shopping centers and residential developments. The surrounding area demonstrates strong demographics, with a population of 42,192 within a 3-mile radius and a median household income of $112,915. This is an exceptional investment opportunity in a thriving community. The asking price is $1,250,000. Broker co-op is available.

    Property Features for 1419 Buford Hwy

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • $1,250,000 asking price.
    • 1.92‑acre commercial land parcel.
    • Located at 1419 Buford Hwy, Cumming, GA 30041.
    • Zoned CBD (Commercial Business District).
    • High visibility with approximately 320 feet of road frontage on Buford Hwy (Hwy 20).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1212092
    Latitude
    34.167317

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    FAQs

    What type of property is this?
    Land - 1.92 Acres, High Visibility, CBD Zoning
    Where is this land located?
    The property is located at 1419 Buford Hwy Cumming, GA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; 1.92-acre commercial land parcel.; Located at 1419 Buford Hwy, Cumming, GA 30041.
    (678) 878-9358
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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
    1419 Buford Hwy Cumming, GA 30041
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