For Sale
$450,000

51 Lott AveMarietta, GA 30067

High-Cap Rate Office Investment in Marietta, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully renovated brick building at 51 Lott Avenue SE, Marietta, GA 30067. The property, built in 1953, boasts a desirable location offering convenient access to major thoroughfares like Powers Ferry Road and Lower Roswell Road, with proximity to I-75. Zoned for commercial use, this 0.266-acre lot features a single building encompassing five executive office suites and a rear garage shop, currently generating income. Two office suites and the garage shop are currently leased, while three office suites are available for immediate occupancy, presenting a chance to increase revenue. The property also includes an unfinished basement with significant potential for additional rental income, further enhancing the capitalization rate. Recent upgrades include new hardwood floors throughout and fresh interior and exterior paint. The property features a double driveway and a fenced backyard. A detailed profit and loss statement, rent roll, and leases are available for qualified buyers. The asking price is $450,000, offering a current capitalization rate of 9%, with potential for significant growth. This is a prime opportunity for investors seeking a strong cash flow and high return on investment in a thriving Georgia market.

Property Details for 51 Lott Ave

Property type
Retail properties, Office properties
Year Built
1953
Buildings
1
Lot Size (sq. ft)
11,587 SF

Location Insight

City
Marietta
County
Cobb - GA
State
Georgia
Latitude
33.9487392
Longitude
-84.5046528
51 Lott Ave, Marietta, Georgia

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51 Lott Ave
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