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221 Atlanta Road, Cumming, GA

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221 Atlanta Road

Cumming, GA 30040 - Cumming/Forsyth Cnty Ret Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2002
Building Size:4,500 SF Land Area:2.04 AC (88,862 SF)
For Sale Price:$600,000 Price/SF:$133.33
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 4.66/1,000 SF
4,500 SF is available to occupy upon purchase.



Sale Notes:
This property used to be a Mexican grocery story until January of this year. It has nice paved parking space and a 4500 Sq Ft building sitting on over 2 acres. The tax assessed value of this property is $575K.

The Property can be an investment, with the current tenant, or can be used as a Owner/User Redevelopment project with the high travelled location in Downtown Cumming another Grocery Store, Medical Facility or any other retail/medical operation would be perfect here.

The property has been leased to a car sales tenant paying $3500 per month as of January, 2016. They have signed a 3 year lease but can be asked to move with a three months notice. I am selling this property direct and do not wish to hire a realtor.

Adel Zahedi
Adel Zahedi
(678) 523-1528




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