Property profile

103 Courthouse Sq Cumming, GA 30040

OFF-MARKET
Turn key restaurants
Property ID
US22-0992695
4,327 SF 0.11 ac lot Built 1950
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Tool Repair Shop

Location

103 Courthouse Sq Cumming, GA 30040-2631
Cumming metro Census 130413 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2014
Price N/A

Zoning & alternative use

CBD · Cumming, GA
Zoning description

District is intended to maintain and encourage office and business development in the central business area of the city

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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