5860 Clarion StCumming, GA 30040

Property Details for 5860 Clarion St

Year built

2006

Lot size

0.05 AC

Property size (Sq ft)

2,884 SF

Zone code

PUD

Property type

Office properties

Property subtype

Other office properties

APN

058 550

APU

58550

Description

This exceptional two-story, Class B office building, constructed in 2006, offers four units totaling approximately [Size not provided] square feet. Located within the vibrant Vickery Village mixed-use community in Forsyth County, Georgia, this property presents a unique investment opportunity for both end-users and investors. The building's versatile design allows for use as executive, medical, or traditional office space, with potential for conversion to service retail. The property benefits from ample shared parking, a significant advantage in this thriving area. Vickery Village itself boasts over 125,000 square feet of retail and restaurant space, plus a 50,000 square foot YMCA, situated within a 210-acre community featuring residential areas, green spaces, parks, and wetlands. The strategic location in Cumming, GA (zip code 30040) provides easy access to major transportation routes and a strong local economy. This is a rare opportunity to acquire a well-maintained office building in a highly desirable and rapidly growing community. Note that buildings 5820 and 5830 within the Vickery Village complex have already been sold, highlighting the strong demand for commercial properties in this location. The address is 5860 Clarion St, Cumming, GA.

• CAP approach

  CAP return

  Valuation

  6%

  $506,128

  6.5%

  $467,195

  7%

  $433,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $562,553

  Geo Method

  $562,553

• Alternative Use

  Use

  Valuation

  Residential

  $579,322

  Hospitality

  $530,656

  Educational

  $441,500

  Medical

  $456,683

  Retail

  $686,777

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.184

Longitude

-84.2195

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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