2418 Canton RdMarietta, GA 30066

Property Details for 2418 Canton Rd

Lot size

0.80 AC

Zone code

NRC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16063700500

APU

16063700500

Description

This exceptional Marietta, GA mixed-use property offers 9,939 square feet on 2.443 acres, including a 10,000 sq ft building currently operating as a seafood restaurant and a separate 0.803-acre vacant lot ideal for a quick-service restaurant (QSR). The existing building boasts a well-designed layout with a commercial kitchen, dining area, bar, and ample storage, adaptable to various uses. Situated on bustling Canton Road with over 292 feet of frontage, this high-visibility location ensures significant customer traffic. The property features a large parking lot accommodating over 219 vehicles. The NRC zoning permits a wide range of commercial uses. Built in 1985, this one-story building presents a unique opportunity for redevelopment or rebranding, capitalizing on its prime location and established infrastructure within a vibrant commercial district. The asking price is $3,250,000, translating to $326.99 per square foot. This property presents substantial growth potential for investors and entrepreneurs seeking a versatile and well-positioned commercial asset in a thriving Marietta community.

• CAP approach

  CAP return

  Valuation

  6%

  $10,875,370

  6.5%

  $10,038,803

  7%

  $9,321,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,358,276

  Geo Method

  $17,193,970

• Alternative Use

  Use

  Valuation

  Residential

  $8,468,106

  Hospitality

  $7,756,740

  Educational

  $6,453,516

  Medical

  $6,675,462

  Retail

  $10,038,803

Location Insight

City

Marietta

County

Cobb

State

Georgia

Latitude

34.0112

Longitude

-84.5271

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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