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1419 Buford Hwy 1.92 Acres of Commercial Land Offered at $1,250,000 in Cumming, GA 30041

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INVESTMENT HIGHLIGHTS

  • High visibility
  • Heavy daily traffic

EXECUTIVE SUMMARY

320 ± feet of road frontage along Buford Road/Hwy 20, offering exceptional exposure to westbound and eastbound traffic flows.
Daily traffic volume approx. 40,000 vehicles, ensuring high visibility and accessibility.
Zoned CBD (Commercial Business District), which in the City of Cumming allows a wide array of uses including retail storefronts, professional offices, medical/health services, senior housing, daycare/schools and more. Utilities are onsite or in very close proximity.
Strategically located just off Hwy 20 (Buford Road) in the heart of the City of Cumming’s commercial corridor, linking to major retail nodes, residential communities and regional infrastructure. Within close proximity to major shopping centers, restaurants, service amenities and medical facilities.
The surrounding region in Cumming, Georgia and Forsyth County, Georgia is among Georgia’s fastest-growing and most affluent suburbs of metro-Atlanta: For example, Forsyth County is ranked among the wealthiest counties in the state. The broader trade area within a 3-mile radius shows strong population and income indicators: ~42,192 population within 3 miles and median household income of ~$112,915. The evolving residential base—including new master-planned neighborhoods—supports demand for professional services, medical/dental, senior living, daycare and neighborhood retail.
This site is ideal for a number of high-value uses, including:
Retail anchor or multi-tenant retail center,
Medical or ambulatory care campus / professional office complex, senior living / assisted living facility
Daycare, preschool or private school use
Mixed-use development combining professional office, retail and service uses

PROPERTY FACTS

Price $1,250,000
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Medical
  • Storefront, Retail or Office
Total Lot Size 1.92 AC
Zoning CBD - Zoned CBD (Commercial Business District), which allows retail storefronts, professional offices, medical/health service, daycare/schools, and more.

1 LOT AVAILABLE

Lot

Price $1,250,000
Price Per AC $651,041.67
Lot Size 1.92 AC

Previously developed, mostly level, highly visible 1.92-acre parcel with 320 feet of road frontage.

DESCRIPTION

Highly visible 1.92 acre parcel, zoned CBD (Commercial Business District) on Buford Rd (Hwy 20) in Cumming with approx. 320 feet of road frontage and daily traffic count of approx. 40,000 vehicles. Ideal for a variety of uses, including Senior Housing, Medical, School, Daycare, Retail or Offices. Previously approved concept plan for 7,000 SF office building. All utilities onsite or in close proximity. Major shopping and residential developments nearby. Population within 3 miles is 42,192 with a median household income of $112,915.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
174-058
Land Assessment
$391,680
Improvements Assessment
$0
Total Assessment
$391,680
  • Listing ID: 27895553

  • Date on Market: 3/6/2023

  • Last Updated:

  • Address: 1419 Buford Hwy, Cumming, GA 30041

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