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Property profile & analytics
OFF-MARKET
Turn key restaurants

103 Courthouse Sq Cumming, GA 30040-2631

4,327 SF 0.11 ac lot Built 1950
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US22-0992695
Property summary
AI-generated overview

This exceptional commercial property, situated at 103 W Courthouse Square in the vibrant heart of Cumming, Georgia, presents a compelling investment opportunity. The building boasts a generous 3,850 square feet of main-level commercial space, perfectly suited for a diverse range of businesses. Adding significant value is a substantial 4,400 square feet of basement storage, ideal for inventory, archives, or additional operational needs. Currently under a three-year lease, this property offers immediate income potential and long-term stability. Its prime downtown location ensures high visibility and accessibility, attracting a steady stream of potential customers. The property sits on a 0.11-acre lot. For added convenience, the property enjoys exceptional proximity to major transportation arteries, being just 5 minutes from Highway 400, providing easy access to the wider metro area. Furthermore, its location is strategically close to key amenities, including Northside Hospital Forsyth and the Cumming Market Center, within a 10-minute radius. This combination of prime location, substantial space, existing lease, and convenient access to key infrastructure makes this a truly remarkable investment prospect in the thriving Cumming market. The asking price is $1,300,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 4,327 SF
Lot 0.11 ac (4,792 SF)
Zoning code CBD
APN C16 069
UPID US22-0992695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Happy Family Chinese Food And Sushi Bar Restaurant
  • Open Car Pleasanton TX Tool Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lingrong LLC · 3 yrs held
Lingrong LLC
since 2022
2 recorded transactions
2022
Price N/A
2014
Price N/A
Zoning & alternative use
CBD · Cumming, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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