This exceptional 0.675-acre commercial land parcel presents a unique redevelopment opportunity in the thriving city of Kennesaw, Georgia. Located at 3531 Cherokee St NW, this property boasts a highly desirable NS (Neighborhood Shopping District) zoning designation by the City of Kennesaw, allowing for a diverse range of development possibilities. The site offers excellent visibility and accessibility with frontage on Cherokee Street (scheduled for widening to four lanes) and Maple Drive. Its strategic location is further enhanced by the presence of two large apartment communities currently under construction directly across Cherokee Street, indicating strong residential growth and demand in the immediate vicinity. This presents an ideal location for townhomes, mixed-use residential condos over commercial space, or simply as a valuable investment holding. The asking price for this prime Kennesaw development site is $499,000. The property is situated in Cobb County, Georgia, with a zip code of 30144, and its coordinates are 34.039119 latitude and -84.6058199 longitude. This is a rare opportunity to acquire a strategically located commercial parcel in a rapidly developing area. Don't miss this chance to capitalize on the significant potential of this exceptional property.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$487,306
6.5%
$449,821
7%
$417,691
Comparable approach
Method
Valuation
Relative Method
$375,298
Geo Method
$449,418
Alternative Use
Use
Valuation
Residential
$557,778
Hospitality
$510,922
Educational
$425,081
Medical
$439,700
Retail
$661,237
Location Insight
City
Kennesaw
County
Cobb
State
Georgia
Latitude
34.0391
Longitude
-84.6058
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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