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22504196

1840 Pilgrim Mill Rd, Cumming, GA 30041

VG
GA GA 357616
GVR Realty
Listed by GVR Realty
$6,000,000
439 days on market
Updated 50 days ago

Potential Commercial Land in Cumming Off Exit16 on Hwy 400 N

Details
Property Type Retail, Senior Living (+1)
Sub Type Bank, Restaurant
Price Per Acre $300,000
Broker Co-Op Yes
Acreage 20.370
Zoning R2R
Ownership Fee Simple

Possible Restaurant, Retail Strip, Hotel, Senior Living

Marketing description

20.37 Acres of Potential Commercial land off of Exit 16 on Hwy 19/400. Less Than .25 mile from the exit and around 1 mile from the recently Opened Forsyth County Administration Office complex on Freedom Parkway(https://www.forsythco.com/Capital-Projects/County-Administration-Campus) . Unlimited possibilities in this prime location which will explode with the growth once the county offices and Staff health center is open for business. It’s Right time to get the property rezoned to whatever the development plans you have. Lot of Residential Developments are under way near to property. With a 500Ft Of Road Frontage, possible Uses include a Restaurant, Retail Strip, Hotel, Senior Living, Professional Offices etc.

Currently there re 2 Homes on the property with 2 Tenants, Producing a rental income of $3300/m.

Investment highlights

Just Under .25 mile from the Exit 16 on Hwy 19/400

Just 1 mile from the Newly Opened Forsyth County Administrative Office Building

500ft of Road Frontage

Multiple Possibilities for rezoning

Sewer and Other Utilities Close By

Ashtonwoods Is Building SF Homes on Adjacent Property and Townhomes Across the Signal at Freedom Pkwy.

Primed For growth and new developments in the Area.

Listing Contacts

VG
GA GA 357616
GVR Realty
Listed by GVR Realty

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Additional Information

Name
Vijayendar Garlapati
License
GA 357616
Brokerage Phone
8586994384
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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