Forsyth County Land Sales Report Janurary 2024
Sale Date: January 3, 2024
Address: 2574 Bagwell Drive
Parcel Number: 106 080, 107 005 and 107 006
Acres: 18.93
Price: $6,000,000
Price Per Acre: $316,957
Price Per Unit/Lot/Foot: N/A
Seller: Madison Capital Group (www.madisoncapgroup.com)
Buyer: Godley Group of Atlanta –
Suspected Use: Godley Group is involved in a variety of business ventures with their primary business appearing to be “Frankie’s Fun Parks”. (https://frankies.com) These are amusement centers (bowling, go-karts, arcade etc.) of which they have 5 throughout North and South Carolina. I suspect they plan to open a Cumming location.
Sale Date: January 17, 2024
Address: Bald Ridge Marina Road
Parcel Number: 195 110
Acres: 23
Price: $5,815,040
Price Per Acre: $252,827
Price Per Unit/Lot/Foot:
Seller: Emory Lipscomb
Buyer: John Otwell - https://www.andeanchevy.com
Suspected Use: “We have not received any rezoning applications on this property, since it was annexed into the City in 2010.” - Scott H. Morgan, Director City of Cumming Department of Planning & Zoning
Considering that the Otwell family is in the car dealership business, I suspect the plan is to put a car dealership here. However, the site is zoned MU (Multiple-use), and according to City of Cumming “Automobile financing, sales and/or service establishments” is NOT a permitted use in the MU district.
It is worth noting that effective July 3, 2018, no new applications will be accepted for rezoning land to the MU zoning district. All existing MU zoned land shall remain zoned MU until changed by amendment to the zoning map in conformity with all legal
Sale Date: January 5, 2024
Address: 5225 Bottoms Road
Parcel Number: 235 218 and 235 036
Acres: 66.21
Price: $7,500,000
Price Per Acre: $113,275
Price Per Unit/Lot/Foot: $
Seller: Hughes Commercial Real Estate – www.hughes-cre.com
Buyer: Rooker – www.rookerco.com
Suspected Use: Industrial development, site is zoned “M1” Restricted Industrial District. Site plan below is from the 2022 re-zoning of the property.
Sale Date: Janurary 16, 2024
Address: 1175 Mullinax Road
Parcel Number: 041535, 041203, 041075, 062016, 041535, 062 014, 062015, 062002
Acres: 140
Price: $14,524,814
Price Per Acre: $103,203
Price Per Unit/Lot/Foot: $72,989 per lot
Seller: Kennemore Nursey
Buyer: Northpoint Capital – Tom Sharp
Suspected Use: Single-family residential (131.8 ac) and commercial (8.65 ac). Original site plan was for a total of 284 single-family detached and 120 townhomes, the final zoning resolution allows for no more than 199 residential dwellings on the portion zoned Res3.
Sale Date: January 31, 2024
Address: 422 Pirkle Ferry
Parcel Number: C26 040
Acres: 0.83
Price: $300,000
Price Per Acre: $361,445
Price Per Unit/Lot/Foot: N/A
Seller: Ian Ordway
Buyer: United Lines, LLC - Ruslan Chitadze – Co-Owner Worthing Transportation
Suspected Use: Site is zoned OP – Office Professional, which is intended to encourage and provide suitable areas for professional, medical, and general offices and certain related activities. OP districts apply primarily to office parks and areas planned and developed for office uses. In some cases, the OP district serves as a transition between one or more commercial zoning districts and one or more residential zoning districts. No recent re-zonings have been filed according to the City of Cumming.
Sale Date: January 10, 2024
Address: 6340 Sandy Court
Parcel Number: 250 013
Acres: 2.09
Price: $272,500
Price Per Acre: $136,250
Price Per Unit/Lot/Foot: N/A
Seller: Broadway Realty, Inc – John D. Lie-Nielsen and Rob Rayne
Buyer: R.D. Links Investments, LLC – David Hopson and Roone Unger
Suspected Use: 14,850 sqft warehouse/office/contractors’ establishment.