2445 Austell Rd SW
Marietta, GA 30008
Mesa Properties · Retail Property For Sale

Retail Building and Land For Sale This investment, or potential owner occupied, retail property is located at 2445 Austell Road in Marietta, Georgia near the corner of Austell and Windy Hill Roads. Marietta is the county’s seat and a large cultural hub. The city is northwest of Atlanta, Georgia, the state’s capital and most populous city. The property for sale includes an 11,177 sq. ft. one story all brick building on a 1.5 acre lot. The building is currently configured for one business, but can easily be sub-divided into two, possibly three suites. Investment and retail benefits of this location include strong demographics with 33,276 living in the property’s 30008 zip code and 177,214 individuals residing within a five-mile radius. The property is located on the urban arterial Austell Road with AADT traffic counts avg 40,000 vehicles per day. Average household income for Cobb County is $75,654. Within 1,000’ RaceTrac is building a new station and there are several properties being assembled for potential commercial development. The County appraises the property at $1,291,000. Bank appraised August 2019 "Value Conclusion" at $1,050,000. The property is currently zoned GC. If another owner buys the business and continues to operate as gun range then the GC zoning may continue. If a buyer comes in and wants to change the use then the property would need to be rezoned and would need to meet the Future Land Use Plan which shows that the property is located in a NAC (Neighborhood Activity Center). Any existing, developed GC zoning/use located outside of a community activity center or regional activity center shall be deemed to be a grandfathered, nonconforming use. We have additional information from the County on NAC zoning for this specific location and it is available on request from us. Key points of this property: • Financial Summary is current owner's mortgage less expenses • Cap Rate of 8.0% is based off $9.00 /Sq Ft/yr after owner's current operating expenses • Building is currently configured for one business, but can easily be sub-divided into two or three suites • Two retail sales areas, six office/break rooms, two warehouse areas, an 80 sq. ft. Class 1 walk-in vault • Included are showcases in both retail spaces, security bars, commercial alarm and CCTV systems • No Lease, the current tenant is retiring and moving effective on property sale plus 30 days • Current tenant's business is for sale separately and can be packaged in sale • At $895k the Price Point is approx $80 psf – well below replacement cost and below the recent appraisal $1,050k $93.39psf • General Commercial Zoning GC/WS as is as a gun range and flexible enough to add revenue lines- Otherwise zoned NAC - Cobb County opinion on zoning is available • Good Physical Condition • Excellent Visibility from Roadway • Attractive Curb Appeal and Easy Access • Huge parking area consisting of 55 lined parking spaces • Adjacent vacant lot is also for sale and could be purchased (different owner) for expansion • Nearby Windy Hill Boulevard project • Inside Austell Road Corridor Project & Guidelines • Nearby Major Mall (Cumberland Mall) Marietta is located in central Cobb County, Georgia, approximately 25 miles outside of Atlanta, Georgia. The town’s main economic background is built up from the Dobbins Air Reserve Base on the south side of town and a Lockheed Martin manufacturing plant. The Cobb Community Transit, Marietta/Cobb County’s Transit System and Xpress GA Buses serve the city. All of the public schools in Marietta are operated by the Marietta City School, while the remainder of the schools in Cobb County, but outside the city limits, are operated by the Cobb County School District, including all of the county’s other cities. Marietta has six historic districts, some on the National Register of Historic Places these include: Northwest Marietta, Whitlock Avenue, Washington Avenue, and Church-Cherokee Street. Downtown is the town square and former location for the county courthouse. The square is the center of several cultural productions and public events, including a weekly farmers market. The Marietta Museum of History exhibits the history of the city and county and is home to thousands of artifacts including items from Marietta residents and businesses. The current tenant is normally closed for business on Mondays which would be a good day to view the property.