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REDUCED - 68 Acres on lake in Forsyth County
4680 Hopewell Road, Cumming, GA 30040
Last Verified 10/8/2009
Listing ID 15183439
1 Lot Available
Lot 1
$3,190,000
68.50 AC
Multifamily (land)
5%
Highlights
68.5 Acres zoned for 153 units- Zoning allows for quads, townhouses and single family
- Property is located on ~20 lake
- Located ~1/4 from GA-400
- Extensive frontage on Settingdown Creek
- Small brick house can be rented
Description
GREATLY REDUCED. 68.5 acres on a 20 acre lake in Forsyth County. Property is zoned as two separate parcels (seller would consider selling them individually); one parcel is zoned RES-6 and the other is zoned RES-3. The RES-6 parcel is zoned for up to 120 units (quads or townhouses) and the RES-3 parcel is zoned for up to 33 single-family detached lots. An amenity is possible on the lake (such as a boat dock and launch). Property is located less than 1/4 mile off GA-400 and has frontage on both Settingdown Circle and Hopewell Road. Great site for a senior-oriented (55+) community, although zoning conditions do not restrict uses. Settingdown Creek forms the northern property line.
Property is located ~1/4 mile off GA-400 on Settingdown Circle and can currently be accessed via a driveway at 4680 Hopewell Road. Take GA-400 North to left on Highway 369 (first traffic light after exit 17). Travel ~1 mile and turn right onto Highway 9. Travel .9 mile and bear right onto Hopewell Road. Travel 1 mile and turn right at 4680 Hopewell Road.
Map of 4680 Hopewell Road, Cumming, GA 30040 (Forsyth County)
Created 6/14/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.