5745 Charleston Park RdCumming, GA 30041

  • Commercial real estate
  • 144 SF
For Sale
$2,000,000 View listing

Property Details for 5745 Charleston Park Rd

Year built
1988
Lot size
2.69 AC
Property size (Sq ft)
144 SF
Zone code
CBD
Property type
Commercial real estate
APN
257 070
APU
257070

Description

This exceptional investment opportunity presents a well-established boat storage business in Cumming, Georgia, listed at $2,000,000. Located at 5745 Charleston Park Road, this property boasts a prime location, within walking distance of the Charleston Park boat ramp, ensuring consistent demand. The business, operating successfully for over 30 years, offers a proven track record of income generation. The property encompasses 2.69 acres and features three covered buildings, providing 113 secure boat storage slots. Each slot includes access to power and water hookups. Security gates enhance the safety and security of the stored boats. The buildings were constructed in 1988. This turnkey operation presents a unique opportunity for immediate income generation. The existing business model can be maintained, or the property can be updated and potentially increase revenue streams. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. The property's convenient proximity to the boat ramp ensures high occupancy rates and strong rental income. This is an excellent investment for those seeking a stable, high-return asset in the thriving Cumming market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $28,640.80
    6.5%
    $26,437.70
    7%
    $24,549.30
  • Comparable approach

    Method
    Valuation
    Relative Method
    $28,088.60
    Geo Method
    $28,088.60
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $51,169.80
    Retail / Commercial
    $26,411.90
    Mixed-Use / Specialty
    $26,453.50
    Hospitality / Lodging
    $19,584.80
    Office
    $26,437.70
    Institutional / Educational
    $27,549.40
    Residential Income
    $32,232.80
    Multifamily
    $37,905.80
    Automotive / Energy
    $23,613.80
    Parking / Income-Based Land
    $8,014.73
    Restaurant / Food Service
    $14,048.30
    Healthcare / Senior Housing
    $26,988.30

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.2458
Longitude
-84.0484
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,535
$107,600
$199,680
$307,280
-
$269,000
$499,200
$768,200

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message