8695 Knox Bridge Hwy - Apartments FOR SALE


Canton, GA 30114
$750,000 USD
404-403-1789
8695 Knox Bridge Hwy, Canton, GA for Sale
$750,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

8695 Knox Bridge Hwy
Canton, GA 30114


OVERVIEW

Currently operating as a 2-unit Duplex featuring 2 bedrooms and 1 bath in each unit, this property presents an excellent opportunity for rental income as its commercial value continues to rise. Whether you're considering commercial use, awaiting commercial zoning approval, or exploring annexation possibilities, this property offers flexibility and immediate rental income. This perfect .98 acre property is situated along HWY 20, offering 124 feet of road frontage and boasting an average daily traffic count of 15,000. The future looks bright for this prime location, with an eventual DOT widening project set to increase traffic counts and necessitate DOT compensation for additional road property required to 4-lane HWY 20 from Cartersville to Canton. The back portion of the property opens doors for further development possibilities, potentially accommodating an additional duplex or a single-family home with county or city annexation. Positioned in a future land use commercial and neighborhood corridor, alongside other commercial properties in Cherokee County, there's a chance to annex into the City of Canton for expanded commercial or multi-family applications. Moreover, enjoy the proximity to the master-planned community of River Green Neighborhood, set to feature 1,200 homes, as well as nearby neighborhoods like Bridgemill. Don't miss this opportunity to invest in a property with promising prospects and a strategic location poised for growth and development. Contact us today to learn more and seize this lucrative investment opportunity!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

2

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

R-40

APN/PARCEL ID

14N12A-00000-038-000-0000

ASK ABOUT THIS PROPERTY

Carl HawthorneCarl Hawthorne TeamMore Info
404-403-1789

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Carl HawthorneCarl Hawthorne TeamMore Info
404-403-1789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.