2997 Johnson Ferry RdMarietta, GA 30062

Property Details for 2997 Johnson Ferry Rd

Year built

1983

Lot size

0.11 AC

Property size (Sq ft)

3,216 SF

Zone code

GC/WS

Property type

Office properties

Property subtype

Office buildings

APN

16053900280

APU

16053900280

Description

This exceptional value-add investment opportunity presents a 3,216 square foot, two-story office building situated on a 4,922 square foot lot in Marietta, Georgia. The property, located at 2997 Johnson Ferry Rd, zip code 30062, is classified as a Class C Traditional Office building and boasts 10 units, ideal for single or multiple tenants. Constructed in 1983 and extensively renovated in 2020, the building offers modern interiors ready for immediate occupancy. Ample parking is available, accommodating approximately 15 vehicles. The property's convenient East Cobb location near Shallowford Rd provides easy access to local shops and restaurants, creating a desirable work environment. The permitted zoning is GC. The asking price is $450,000, translating to $139.93 per square foot. This property presents a strong investment opportunity due to its updated condition, convenient location, and potential for high occupancy rates. The building's single-story design and convenient access points make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a well-maintained, renovated office building in a thriving area of Cobb County.

• CAP approach

  CAP return

  Valuation

  6%

  $708,524

  6.5%

  $654,022

  7%

  $607,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $539,586

  Geo Method

  $197,398

• Alternative Use

  Use

  Valuation

  Residential

  $810,988

  Hospitality

  $742,860

  Educational

  $618,051

  Medical

  $639,307

  Retail

  $961,413

Location Insight

City

Marietta

County

Cobb

State

Georgia

Latitude

34.0224

Longitude

-84.4273

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].