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345 Cobb Parkway South

345 Cobb Parkway South, Marietta, GA 30060

N/A

18,346 SF | Retail

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Building 1 front

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
18,346 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Street Retail
Neighborhood Center
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.56%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1958
Lot Size:
1.14 AC
Listing ID
15874619
Last Updated
over 1 year ago

Highlights

  • One of the best locations in the entire County.
  • Prime shopping district.
  • In a major commuting corridor.
  • Near a signalized corner.
  • Easily accessible, suberb visibility.
  • Super Low Price PSF. Room for expansion in rear building.

Description

REDUCED. NOW WITH EXTENDED LEASES. Prime, long established, retail center in a top notch location. 2 buildings, brick front with masonry sides & rear. Note: Photo is deceiving, as there is 18,346 SF here. Super high visibility. Currently having the exterior painted/renovated. Current rents are very low and can be raised easily & aggressively as the leases expire. This means a great opportunity for the buyer. It has 6 tenants, with most staying multiple terms. Amazingly, one tenant has stayed since the building was built, 50 years ago. Buildings are study, in good condition and have been well cared for over the years. Crc Zoning. Main building in front has a street level and a lower level in back. There is a 2nd, smaller building to the rear, with EXPANSION POSSIBLE. The main building in front has a new roof. Both buildings have newer mechanicals, with some new HVAC units.

Incredible location. On Cobb Parkway South, between Frey Gin Road and Hwy 120. Cobb Parkway S. is a major 4 lane + turn lane road and a very popular and diverse retail corridor. Traffic counts are over 36,000/day per the 2007 DOT. More than double that traffic figure if one counts the very nearby Hwy. 120. It's also leads directly to I-285 Loop around Atlanta, and the massive, upscale fortress mall; The Galleria. It's roughly 4 blocks to I-75, and for those of you from Atlanta, 6 blocks from the "Big Chicken".

Map of 345 Cobb Parkway South, Marietta, GA 30060 (Cobb County)

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