51 Lott AveMarietta, GA 30067

  • Mixed-use properties
  • 999 SF
For Sale
$450,000 View listing

Property Details for 51 Lott Ave

Year built
1953
Lot size
0.27 AC
Property size (Sq ft)
999 SF
Zone code
GC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
16124100320
APU
16124100320

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $196,666
    6.5%
    $181,538
    7%
    $168,571
  • Comparable approach

    Method
    Valuation
    Relative Method
    $133,913
    Geo Method
    $194,865
  • Alternative Use

    Use
    Valuation
    Residential
    $225,107
    Hospitality
    $206,197
    Educational
    $171,553
    Medical
    $177,453
    Retail
    $266,861
51 Lott Ave, Marietta, Georgia

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.9487
Longitude
-84.5046
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
$2,388
$35,976
$43,240
$79,216
-
$89,940
$108,100
$198,040

FAQs

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