Property profile

2585 Freedom Pkwy Cumming, GA 30041

OFF-MARKET
Auto shops
Property ID
US22-1197849
4,440 SF 0.67 ac lot Built 2005
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 30,000 square foot retail land parcel presents a unique investment opportunity in the thriving city of Cumming, Georgia. Situated within the highly successful Keith Bridge Commons shopping center, this outparcel boasts unparalleled visibility from Freedom Parkway, a major thoroughfare. The property benefits from its strategic location near Lake Lanier and proximity to multiple other major roadways, ensuring high traffic volume and excellent accessibility. Keith Bridge Commons is a well-established 94,886 square foot shopping center anchored by a Kroger grocery store and complemented by a strong lineup of national tenants including Starbucks, Pizza Hut, Workout Anytime, and T-Mobile. This ensures a robust and established customer base for any new development on this site. The single-tenant nature of this parcel offers flexibility for a variety of retail uses, making it an ideal location for businesses seeking high visibility and convenient access to a dense population. The Forsyth County location provides a stable and growing market, making this a compelling investment opportunity for developers and businesses alike. This is the last remaining undeveloped outparcel in this successful shopping center, representing a rare chance to capitalize on a prime location within a thriving retail environment. The property is zoned for retail use and is ready for immediate development.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2005
Total area 4,440 SF
Lot 0.67 ac (29,185 SF)
Zoning code CBD
APN 218 055
UPID US22-1197849

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
  • Auto Repair Shop

Location

2585 Freedom Pkwy Cumming, GA 30041-9179
Cumming metro Census 130506 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.64M

Owner & transaction history

since 2023
Last sale
$1.7M
6 recorded transactions
2023
$360,000
2023
Price N/A
2022
$1.7M
2019
$800,000
2018
Price N/A
1969
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2585 Freedom Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message