3531 Cherokee StKennesaw, GA 30144

Property Details for 3531 Cherokee St

Year built

1956

Lot size

0.68 AC

Property size (Sq ft)

2,304 SF

Zone code

OI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

20009901300

APU

20009901300

Description

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.

• 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

Property Tax & Assessments

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