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8695 Knox Bridge HWY Canton, GA 30114
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Key Details
Sold Price $412,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7607658
Year Built 1973
Annual Tax Amount $484
Tax Year 2024
Lot Size 0.980 Acres
Property Sub-Type Duplex
Property Description
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!
Location
State GA
County Cherokee
Area None
Interior
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Hardwood, Laminate
Exterior
Parking Features See Remarks
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Other
Building
Lot Description Corner Lot, Level
Story One
Sewer Shared Septic
Water Public
Structure Type Brick 4 Sides
Schools
Elementary Schools J. Knox
Middle Schools Teasley
High Schools Cherokee
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Bought with Keller Williams Realty Partners