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OTHER · For Sale

1204 Canton HWY, Cumming Active

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Asking price
$895,000
Price / SF
$168.36
Cap rate
Sale type
Property type
OTHER
Property subtype
OTHER
Building class
Building size
5,316 sq ft
Year built
1983
NOI
Tenancy
Building height
Building FAR
Lot size
1.32 acres
Zoning
comm
Frontage
198 ft
Listing #
EN-21093
MLS #
10835881

Exceptional opportunity for a versatile property currently operating as a dance studio under a Conditional Use Permit as a school of dance. Situated on approximately 1.320 acres, the property offers a 3,400 SF main facility, a 1,460 SF vacant house currently serving as additional storage, and a 380 SF storage shed. The property has a unique history, with the main facility having been occupied by the Georgia Forestry Commission since the 1980s, while the house served as the Ranger's quarters. The current owner purchased the property in 2016 and transformed the main facility into a beautiful, highly functional multi-purpose space. The interior features three spacious rehearsal halls, a reception area, three bathrooms, an upstairs break room, and a second-level viewing area overlooking the rehearsal halls. With 23 parking spaces, the property is conveniently located along Canton Road, which is currently undergoing major widening improvements expected to enhance access, traffic flow, and visibility. The property is currently zoned residential; however, the county master plan anticipates future commercial development in the area. Any future commercial use would require rezoning and appropriate approvals. The flexible layout could lend itself to a variety of potential uses, including professional or corporate offices, CPA or law offices, real estate or insurance agencies, medical or wellness practices, educational or tutoring centers, fitness or performing arts studios, nonprofit offices, or other professional service uses, subject to zoning, permitting, and applicable approvals. A unique opportunity for an owner-user or investor seeking a versatile property with an established permitted use, a rich history, significant improvements, and exciting future potential.

Location

GAMLS
Listed by RealtyHive LLC
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10835881

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