1401 Johnson Ferry RdMarietta, GA 30062

  • Retail properties
  • 14,700 SF
For Lease

Property Details for 1401 Johnson Ferry Rd

Year built
2007
Lot size
2.01 AC
Property size (Sq ft)
14,700 SF
Zone code
GC
Property type
Retail properties
Property subtype
Community centers
APN
16089900380
APU
16089900380

Description

Merchant's Festival offers exceptional retail space in the heart of Marietta, Georgia's affluent East Cobb neighborhood. This 53,559 square foot center boasts a prime location at the signalized intersection of Johnson Ferry Road and Roswell Road, ensuring high visibility and accessibility for businesses. Two inline retail spaces are currently available, ranging from 6,352 to 6,900 square feet, providing ample room for a variety of retail concepts. The center is shadow-anchored by a Target, benefiting from the significant traffic and customer base generated by this major retailer. Located within the Atlanta MSA, one of the nation's fastest-growing metropolitan areas, Merchant's Festival benefits from a strong and expanding market. The surrounding area is characterized by high median household incomes exceeding $165,000 within a one-mile radius, indicating a strong consumer base with significant purchasing power. This presents a unique opportunity for businesses seeking a high-traffic, visible location in a prosperous and rapidly growing community. The property's strategic positioning and the strength of the surrounding demographics make it an ideal location for businesses seeking to establish or expand their presence in the Atlanta market. This is a rare opportunity to secure retail space in a highly desirable location within a thriving commercial center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,760,727
    6.5%
    $4,394,517
    7%
    $4,080,623
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,215,308
    Geo Method
    $2,273,761
  • Alternative Use

    Use
    Valuation
    Residential
    $3,706,940
    Hospitality
    $3,395,537
    Educational
    $2,825,047
    Medical
    $2,922,204
    Retail
    $4,394,517
1401 Johnson Ferry Rd, Marietta, Georgia

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.9856
Longitude
-84.4279
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$50,109
$939,732
$722,268
$1,662,000
-
$2,349,330
$1,805,670
$4,155,000

FAQs

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