2886 Cherokee StKennesaw, GA 30144

Property Details for 2886 Cherokee St

Year built

1893

Lot size

0.50 AC

Property size (Sq ft)

1,920 SF

Zone code

CBD

Property type

Investment properties

Property subtype

Live-work space

APN

20013800110

APU

20013800110

Description

This exceptional 2,048 sq ft QSR/Restaurant in Kennesaw, GA, presents a unique investment opportunity. Located at 2886 Cherokee St NW, this charming, two-story building, originally constructed in 1909, underwent a complete 20-month renovation in 2023, overseen by the City of Kennesaw and its Historic Preservation Commission. The property boasts a captivating wrap-around porch, ample indoor seating for 49 guests, a functional fireplace, and ADA accessibility features including a ramp and two ADA-compliant restrooms. Outdoor amenities include a fenced picnic area, cornhole/bocce ball court, a fire pit with seating, park benches, and a picturesque setting under magnolia trees. A renovated two-story barn with electricity and water access is also included. The 0.5-acre lot is situated in Kennesaw's historic and entertainment district, a contributing property to the National Register of Historic Places. This property is zoned CBD and offers a blend of historical significance and modern amenities, making it an ideal owner-user investment. The asking price is $1,250,000 ($610.35/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $465,268

  6.5%

  $429,478

  7%

  $398,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,004

  Geo Method

  $382,006

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $849,438

  Retail / Commercial

  $433,034

  Hospitality / Lodging

  $312,475

  Office

  $424,831

  Institutional / Educational

  $445,765

  Residential Income

  $521,545

  Multifamily

  $636,668

  Automotive / Energy

  $382,084

  Parking / Income-Based Land

  $133,841

  Restaurant / Food Service

  $219,081

  Healthcare / Senior Housing

  $442,485

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0236

Longitude

-84.6127

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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