Forsyth County Land Sales Report December 2023

Sale Date: December 27, 2023

Address: 410 Peachtree Parkway

Parcel Number: 107 047

Acres: 10.64

Price: $4,319,604

Price Per Acre:  $405,977

Price Per Unit/Lot/Foot: N/A

Seller: CTO Realty Growth, Inc - https://www.ctoreit.com

Buyer: CTO Realty Growth, Inc - https://www.ctoreit.com

Suspected Use: This was not a true “sale” but a REIT shifting assets around, I wanted to provide an update as this site was planned for “Passport Springs & Spa” which was set to be the largest spa/hot springs in the United States. This project eventually fell apart, and the same REIT that owns the Collection at Forsyth ended up purchasing the land in September of 2023. While no official plans have been filed, I have been told that CTO plans to expand the Collection with this additional land.

Sale Date: December 11, 2023

Address: Marsett Pawkway

Parcel Number: 237 074

Acres: 9.5

Price: $1,526,218

Price Per Acre:  $169,579

Price Per Unit/Lot/Foot: $103,044 per lot

Seller: Marsett Parkway Properties, LLC – Tommy Bagwell

Buyer: Staton, LLC - https://www.statonheatingandair.com

Suspected Use: No plans have been filed, but I assume the property will be used for the owners HVAC company.

Sale Date: December 11, 2023

Address: Atlanta Highway & Shirlee Industrial Way

Parcel Number: 018 210

Acres: 1.80

Price: $1,350,000

Price Per Acre:  $750,000

Price Per Unit/Lot/Foot: $47,702

Seller: JKN Ventures, LLC – John Nix Jr.

Buyer: Express Oil Change, LLC

Suspected Use: Repair and Oil Change Garage

Sale Date: December 7, 2023

Address: 5380 Faircroft Dr Alpharetta, GA 30005

Parcel Number: 294 004, 294 002, 281 027, 293 143, 293 142

Acres: 0.5

Price: $280,000

Price Per Acre:  $560,000

Price Per Unit/Lot/Foot: $51.85 per Square Foot

Seller: MARTIN QUINN & MARTIN REBECCA

Buyer: DARE2CARE PROPERTIES LLC – Pavan Nanduri

Suspected Use: 2 Story 5,400 SF Medical Office Building

Sale Date: December 4, 2023

Address: 2152 Peachtree Parkway

Parcel Number: 111 037

Acres: 3.35

Price: $1,390,665

Price Per Acre:  $415,123

Price Per Unit/Lot/Foot: N/A

Seller: Estate of Benjamin Hulsey

Buyer: 2152 PEACHTREE PKWY LLC -  Suman Gurrapu

Suspected Use: No plans submitted

Sale Date: December 3, 2023

Address: 627o Georgia Highway 400

Parcel Number: 250 073

Acres: 1.83

Price: $265,000

Price Per Acre:  $144,808

Price Per Unit/Lot/Foot: N/A

Seller: Americans Home Place, LLC - https://www.americashomeplace.com

Buyer: OLDE TOWNE CUTLERY LLC - https://oldetownecutlery.com

Suspected Use: Commercial building – knife store

For more on this, see our post on Forsyth County Land Sales Report Janurary 2024.

We cover this in more detail in Forsyth County Land Sales Report February 2024.

For background, see our piece on what each residential zoning code actually means.

You can read more in our post on how selling to a developer actually works.