1355 Roswell RdMarietta, GA 30062

  • Strip malls
  • 180,231 SF

Property Details for 1355 Roswell Rd

Year built
1957
Lot size
4.63 AC
Property size (Sq ft)
180,231 SF
Zone code
CRC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
16120900160
APU
16120900160

Description

East Cobb Station, a 205,810 square foot mixed-use retail center in Marietta, Georgia, presents a unique investment opportunity. This property, renovated in 2020, boasts a prime location in one of Atlanta's most affluent submarkets, benefiting from a dense daytime population exceeding 155,000. Anchored by national tenants Planet Fitness and O'Reilly Auto Parts, the center offers 13 available spaces ranging from 581 to 17,940 square feet, catering to a variety of retail needs. Its strategic location adjacent to Interstate I-75 provides exceptional accessibility, with proximity to Kennesaw State University and Cobb County International Airport within a 7-mile radius. The surrounding area is home to numerous Fortune 500 companies, including The Home Depot, Genuine Parts Company, and HD Supply Holdings, Inc., as well as GE Energy, the Atlanta Braves, Comcast, and RaceTrac Petroleum, ensuring a strong and stable customer base. The property includes 801 parking spaces, built in 1958, and is situated in Marietta, a city recognized by the National Civic League as one of the 10 best communities in the nation. This exceptional retail center offers a compelling investment opportunity in a thriving and highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $45,710,500
    6.5%
    $42,194,300
    7%
    $39,180,400
  • Comparable approach

    Method
    Valuation
    Relative Method
    $31,449,100
    Geo Method
    $36,562,100
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $82,592,300
    Mixed-Use / Specialty
    $41,918,900
    Hospitality / Lodging
    $30,591,900
    Office
    $41,539,700
    Institutional / Educational
    $43,534,100
    Residential Income
    $50,934,900
    Multifamily
    $61,781,400
    Automotive / Energy
    $37,315,000
    Parking / Income-Based Land
    $13,000,400
    Restaurant / Food Service
    $21,535,700
    Healthcare / Senior Housing
    $43,115,200

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.9522
Longitude
-84.5123
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
$42,058
-
$4,971,440
$4,971,440
-
-
$12,428,600
$12,428,600

FAQs

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