1038 Franklin Rd
Marietta, GA 30067
Retail Property For Sale

------------***OPPORTUNITY ZONE***------------ This is an outstanding opportunity to acquire ±1.65 acre of prime re-development property on a prominent commercial corridor within a Federal Opportunity Zone and inside the Franklin Gateway Marietta Community Improvement District (CID). The Gateway Marietta CID was founded in June of 2014, with the mission to help establish the area as a premier business center in metro Atlanta. The project and improvements to the area has been assisted by a $68 million redevelopment bond approved by voters in 2013. Recent improvements to the area include the addition of the MLS Championship winning team Atlanta United’s training facility, the City of Marietta’s Sports Complex, and sitting across from the subject property is the future home of IKEA Marietta. Home depot have moved their IT department to local offices on the gateway and a new Hampton Inn and Bojangles have been built at the Gateways intersection with Delk Road. The subject property currently comprises of a two-story neighborhood shopping center with a mix of tenants including a Mini-Market, Beauty Salon, Cellular store, Barbershop and Restaurants, all of which service the neighboring residents. The two-story retail property offers a combined square footage of ±16,906 located on a ±1.65 acre lot and has 84 free surface spaces for parking. Short term leases allow for imminent redevelopment, potential demolition or enhancements to the property while the property's layout allows for staged development of the site. Additionally, the property is located within a new Federal Opportunity Zone, an attractive investment vehicle created for investors to take advantage of the recent tax code changes. The changes allow for a reduction in capital gains tax through investments in qualified Opportunity Zones. Savvy investors and developers will not want to miss this rare opportunity to acquire a substantial redevelopment site in one of Marietta's fastest growing commercial locations.