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115 W Court House Sq 2,750 SF Office Building Cumming, GA 30040 $795,000 ($289.09/SF)
Investment Highlights
- Recently renovated office property located across from Forsyth County Courthouse.
- Positioned at intersection of Highway 9 and Highway 20 for strong regional connectivity.
- Zoned CBD (Commercial Business District) allowing a variety of professional service uses.
- 2,750 SF single-story building with flexible interior layout and conference room.
- On-site parking plus street parking available for employees and clients.
Executive Summary
Building located directly across from Courthouse in Downtown Cumming. We have lease on the property until January 2026. Building was renovated January 2024. Space is 2750 sf of fully built out office space. Great opportunity for investment or owner user after current lease expires in 1 year.
Owner is open to offering owner financing on this deal.
Owner is open to offering owner financing on this deal.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$18.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$18.33
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $18.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $18.33 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
2,750 SF
Building Class
B
Year Built/Renovated
1975/2023
Price
$795,000
Price Per SF
$289.09
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,750 SF
Building FAR
0.35
Lot Size
0.18 AC
Zoning
CBD - Commercial Business District
Parking
7 Spaces (2.55 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Basement
- Central Heating
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Government Lease
- -
- -
- $15.00
- Triple Net
- Jan 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Government Lease | - | - | $15.00 | Triple Net | Jan 2025 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | C16-072 | Improvements Assessment | $226,300 (2025) |
| Land Assessment | $27,500 (2025) | Total Assessment | $253,800 (2025) |
Property Taxes
Parcel Number
C16-072
Land Assessment
$27,500 (2025)
Improvements Assessment
$226,300 (2025)
Total Assessment
$253,800 (2025)
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Contact the Sale Advisor
115 W Court House Sq