575 Atlanta RdCumming, GA 30040

Property Details for 575 Atlanta Rd

Year built

1988

Lot size

0.76 AC

Property size (Sq ft)

1,932 SF

Zone code

HB

Property type

Retail properties

Property subtype

Auto shops

APN

C19 023

APU

C19023

Description

This exceptional 0.4-acre commercial land parcel presents a unique investment opportunity in the thriving Cumming, Georgia market. Located at 575 Atlanta Rd, Cumming, GA 30040, this single-tenant property boasts unparalleled visibility and accessibility. The site benefits from its strategic location near the intersection of Atlanta Road (13,712 cars per day) and Veterans Memorial Boulevard (19,113 cars per day), ensuring high traffic counts and significant exposure for any business. Its proximity to I-19 and Hwy 20 further enhances its convenience and accessibility. This property is situated within a major retail area, surrounded by numerous national brand anchors and significant traffic generators, creating a robust and established commercial environment. The area experiences a projected 3.3% annual population growth from 2022-2027, indicating a strong and expanding market. The site is also surrounded by thriving residential communities and diverse businesses, providing a substantial customer base. Across the street, a shopping center attracts over 1 million visitors annually, further bolstering the area's retail strength. Nearby national retailers include Publix, Hobby Lobby, Planet Fitness, Target, Kohl's, Sprouts, Harbor Freight, Big Lots, Dollar Tree, Sally Beauty, Lowe's, JoAnn, Burger King, Arby's, Wendy's, and many other prominent fast-food chains. This property is ideal for a variety of retail uses, restaurants, or other commercial ventures seeking a prime location with high visibility and strong demographics. The property is classified as Retail, Land, and Restaurant. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $498,413

  6.5%

  $460,074

  7%

  $427,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $949,677

  Geo Method

  $949,677

• Alternative Use

  Use

  Valuation

  Residential

  $388,090

  Hospitality

  $355,488

  Educational

  $295,762

  Medical

  $305,934

  Retail

  $460,074

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1893

Longitude

-84.1398

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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