Forsyth County Land Sales Report October 2023

Sale Date: Closings from September-October 2023

Address: 4431 Atlanta Hwy Alpharetta, GA 30004

Parcel Number: 039 036, 039 035, 039 034, 039 033, 039 032, 039 031, 039 030, 061 029

Acres: 23.02+-

Price: $1,375,183

Price Per Acre:  $59,738

Price Per Unit/Lot/Foot: N/A

Seller: Hood Family

Buyer: One Street Residential -   (https://onestreetres.com)

Suspected Use: 113 Senior Living Apartments with a 252,693 sqft Commercial/Retail component. OSR, then immediately sold the assembled/entitled site to The Carlyle Group (https://www.carlyle.com) for $3,080,000 ($133,796 per acre)

Sale Date: October 30, 2023

Address: 5364 Bethelview Road

Parcel Number: 082 221

Acres: 3.29

Price: $500,000

Price Per Acre:  $151,975

Price Per Unit/Lot/Foot: $

Seller: Cotton State Properties/Jeff Hedden Builders/Bill Evans

Buyer: BETHELVIEW PARK LLC – Jim King - King Consulting and Development Advisers

Suspected Use: Zoned PUD, no current zoning applications or site plans, commercial.

Sale Date: October 27, 2023

Address: South of 2585 Freedom Pkwy Cumming, GA 30041

Parcel Number: 218 046

Acres: 0.69

Price: $360,000

Price Per Acre:  $521,739

Price Per Unit/Lot/Foot: N/A

Seller: SESP HOLDINGS 7 LLC – www.sewingmachine.com

Buyer: LOVESHINEFLAIR INC - NILESH N JETHWA

Suspected Use: Zoned CBD, no current zoning applications or site plans, commercial.

Sale Date: October 20, 2023

Address: 7810 McGinnis Ferry Rd Suwanee, GA 30024

Parcel Number: 184 439

Acres: 0.87

Price: $1,060,000

Price Per Acre:  $1,218,390

Price Per Unit/Lot/Foot: N/A

Seller: SHAKERAG VENTURE LLC

Buyer: 7804 MCGINNIS FERRY RD LLC - Sagar Panjwani

Suspected Use: Zoned CBD, suspected use is a My Eyelab.

Sale Date: October 16, 2023

Address: 2220 Peachtree PkwyCumming, GA 30041

Parcel Number: 111 508

Acres: 1

Price: $691,000

Price Per Acre:  $691,000

Price Per Unit/Lot/Foot: N/A

Seller: 2220 PEACHTREE PARKWAY LLC

Buyer: RMK ELITE INVESTMENTS LLC - Venkata Raman Geddam

Suspected Use: Zoned CBD, interested party filed a Business Location Verification for a pine straw company.

Sale Date: October 6, 2023

Address: 2907 Peachtree Pkwy Cumming, GA 30041

Parcel Number:   138 539

Acres: 0.95

Price: $850,000

Price Per Acre:  $894,736

Price Per Unit/Lot/Foot: $125.37 per foot

Seller: TOWN CENTER AT CELEBRATION VILLAGE LLC

Buyer: LEGACY ALLIANCE LLC - Mitul Patel

Suspected Use: 1-story, wood-framed 6,780 square foot dental office

Sale Date: October 23, 2023

Address: 1575 UNION HILL RD ALPHARETTA GA 30004

Parcel Number: 044 004

Acres: 2.22

Price: $1,850,000

Price Per Acre:  $833,333

Price Per Unit/Lot/Foot: N/A

Seller: 1575 UNION HILL ROAD LLC

Buyer: THE GATHERING AT SOUTH FORSYTH LLC

Suspected Use: Part of the Gathering development “With a completion date set in 2033, the development will include 2,400 residential units, 500 hotel rooms, and 1.6 M sq. ft of office and retail space. An 18,500-seat arena that could be used to entice a major league hockey team to the metro Atlanta area is also planned.”

For more on this, see our post on Forsyth County Land Sales Report December 2023.

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