Historic Marietta Office Building For
For Sale
$895,000
236 Washington Ave NE, Marietta, GA 30060
Turnkey, multi-tenant office building on prestigious 'Lawyer's Row'.
Property Size2,683 SF
Price / SF$333.58
Days on Market146
Property Features for 236 Washington Ave NE
General Information
Standard status
Active
Size
2,683 SF
Building Details
Year Built
1900
Listing Agency:
Atlanta Communities
Listed By:
Geoffrey Nagy
(770) 240-2000
Source:
Jetsetrealty
Added: May 25
Changed: Oct 11
Last Checked: Oct 6 at 12:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Communities
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Investment Insights
Based on property information with market context.
This 2,683-square-foot landmark property, built in 1900, is located on Washington Avenue NE, known as "Lawyer's Row". The property currently operates as a fully occupied multi-tenant professional office building. It features six private offices, a dedicated administrative office, a common area sitting room, two restrooms, and a full kitchen. A rear parking lot provides off-street parking. A classic rocking chair front porch welcomes visitors. All six offices are currently leased to individual attorneys, providing rental income. The owner's office will be vacated at closing, offering the option to occupy one suite while collecting rent from the remaining five. The building has a newer roof. Situated less than one mile from Historic Marietta Square and Cobb County government buildings, and approximately two miles from I-75, the location is practical. It is suitable for an attorney, consultant, or professional services firm looking to offset ownership costs with built-in revenue. The property is ideal for an investor seeking a turnkey income-producing asset.
Key Highlights
- Fully leased, providing immediate and steady rental income from six private offices.
- Prime location on Marietta's historic 'Lawyer's Row,' near the courthouse square and government buildings.
- Opportunity to occupy one office suite while collecting rent from the remaining five.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,928
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,560
$718.6K
Cap Rate 7%
$513,257
$513.3K
Cap Rate 9%
$399,200
$399.2K
Market Conditions
NOI Build-Up for 2,683 SF
Gross rent
$64.0K $23.87/SF
− Vacancy
−$16.1K −$6.02/SF
EGI
$47.9K $17.85/SF
− OpEx
−$12.0K −$4.46/SF
NOI
$35.9K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,560
Cap Rate 7%
$513,257
Cap Rate 9%
$399,200
Alternative Uses
Best Use
Office B
$513.3K
$449.1K – $598.8K
NOI $35,928 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.4K
$659.2K – $879.0K
NOI $52,737 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,798
Businesses Nearby
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Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Turnkey, multi-tenant office building on prestigious 'Lawyer's Row'.
Where is this office building located?
The property is located at 236 Washington Ave NE Marietta, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully leased, providing immediate and steady rental income from six private offices.; Prime location on Marietta's historic 'Lawyer's Row,' near the courthouse square and government buildings.; Opportunity to occupy one office suite while collecting rent from the remaining five.
