For Sale
$450,000

51 Lott Ave Marietta, GA 30067

High-yield office building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully renovated, 1953-built brick building situated on a 0.266-acre lot at 51 Lott Avenue SE, Marietta, GA 30067. Currently zoned commercial, this property boasts five executive office suites and a rear garage shop, all within easy reach of I-75, Powers Ferry Road, and Lower Roswell Road. The building features new hardwood floors and fresh interior and exterior paint. Two office suites and the garage shop are currently leased, generating immediate cash flow, while three additional office suites are available for lease, presenting a significant opportunity to increase profitability. An unfinished basement offers further expansion potential, allowing for additional rental income and a substantial increase in capitalization rate. The property includes a double driveway and a fenced backyard. A detailed profit and loss statement, rent roll, and leases are available upon request. The asking price is $450,000, with a current capitalization rate of 9%. This property offers a compelling combination of strong cash flow, excellent location, and significant upside potential.

Highlights

  • Asking price: $450,000
  • Retail/office property with executive office suites in Marietta, GA
  • 9.00% cap rate
  • 1953 construction, 0.266-acre lot, one building
  • Fully renovated, five office suites plus garage shop; unfinished basement with rental potential.

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

FAQs

What type of property is this?
Retail property - High-yield office building, prime location.
Where is the retail property located?
The property is located at 51 Lott Ave Marietta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Asking price: $450,000; Retail/office property with executive office suites in Marietta, GA; 9.00% cap rate
How can I contact the broker?
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51 Lott Ave
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