3602 Ernest W Barrett PkwyMarietta, GA 30064

Property Details for 3602 Ernest W Barrett Pkwy

Year built

1940

Lot size

4.37 AC

Property size (Sq ft)

2,469 SF

Zone code

LRO

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

19002700070

APU

19002700070

Description

This exceptional 4.36-acre commercial land parcel in Marietta, Georgia, presents a prime investment opportunity. Located at 3602 Ernest W Barrett Pkwy SW, in Cobb County (zip code 30064), this property boasts 520 feet of frontage on a major thoroughfare with over 30,000 daily vehicles. The LRO (Low Rise Office) zoning allows for diverse commercial uses, including banks, medical offices, and educational facilities. Its strategic location near a Target, Publix, Home Depot, Lowe's, and Starbucks, ensures high visibility and accessibility. A favorable geotechnical soils study and Phase 1 environmental report are available. Utilities include electric, gas, and water, with sewer access on an adjacent parcel. While a tear-down single-family home is present, the largely level topography and substantial usable acreage make this an ideal site for new construction. The property's proximity to a heavily trafficked intersection and its designation as a Neighborhood Activity Center on Cobb County's Future Land Use map further enhance its development potential. The asking price is $2,400,000. Consider the potential for rezoning given the surrounding commercial development. This is a rare opportunity to acquire a well-located, commercially zoned parcel in a thriving area with a high average household income exceeding $128,000 and a population of over 42,000 within a 3-mile radius. A video showcasing the property is available online.

• CAP approach

  CAP return

  Valuation

  6%

  $522,204

  6.5%

  $482,035

  7%

  $447,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,175

  Geo Method

  $481,603

• Alternative Use

  Use

  Valuation

  Residential

  $597,723

  Hospitality

  $547,511

  Educational

  $455,523

  Medical

  $471,189

  Retail

  $708,591

Location Insight

City

Marietta

County

Cobb

State

Georgia

Latitude

33.943

Longitude

-84.6266

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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