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INVESTMENT HIGHLIGHTS
- Located in dynamic walkable Downtown Kennesaw, GA
- Commercial, residential, or mixed-use redevelopment
- Within a short walk to United Bankshares Amphitheater and numerous restaurants and taverns
- Redevelopment/renovation opportunity
- Zoned CBD, City of Kennesaw
EXECUTIVE SUMMARY
On behalf of the Kennesaw Downtown Development Authority, we are pleased to present this opportunity to renovate/ redevelop an existing 10,332± sq.ft., three-story, brick building that has been a fixture in Downtown Kennesaw for many decades. The City of Kennesaw and the Kennesaw Downtown Development Authority (KDDA) envision a mixed-use redevelopment/renovation that would include first floor, street level uses such as restaurant, retail, office, or medical office that would engage the public with the potential for either office, residential, or lodging/hospitality uses on the second and third floors. This building was partially renovated by a prior owner, which improvements included opening up the first floor for future retail/office uses, installing an elevator shaft and partially constructing the second and third floor as 20 bedrooms and bathrooms, which could be occupied by either a bed-and-breakfast, or Airbnb/VRBO, short term rental model. The second and third floor could also be reconstructed as office space or other forms of residential, including potential short-term housing for corporate employees, or university faculty who would enjoy temporary housing in a vibrant and walkable location, such as offered in Downtown Kennesaw.
The Kennesaw Downtown Development Authority has asked that McWhirter market the property without an asking price, as the City and KDDA are open to a wide variety of potential uses and prefer to hear development proposals from interested parties.
The Kennesaw Downtown Development Authority has asked that McWhirter market the property without an asking price, as the City and KDDA are open to a wide variety of potential uses and prefer to hear development proposals from interested parties.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
10,332 SF
Building Class
C
Year Built
1903
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.89
Lot Size
0.13 AC
Zoning
CBD - Central Business District
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-0138-0-110-0 | Improvements Assessment | $501,300 |
| Land Assessment | $54,100 | Total Assessment | $555,400 |
PROPERTY TAXES
Parcel Number
20-0138-0-110-0
Land Assessment
$54,100
Improvements Assessment
$501,300
Total Assessment
$555,400
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2881 N Main St NW
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