Historic Marietta Office Building For
236 Washington Ave Ne Marietta, GA 30060
236 Washington Ave Ne, Marietta, GA, 30060
$895,000
For Sale
$895,000
Turnkey, multi-tenant office building on prestigious 'Lawyer's Row'.
Property Size2,683 SF
Price / SF$333.58
Days on Market107
Property Features for 236 Washington Ave Ne
General Information
- Standard status
- Active
- Size
- 2,683 SF
Listing Agency
Atlanta Communities
(770) 624-4562
Listed by
Geoffrey Nagy
(770) 624-4562
Source
Exprealty
Added: Apr 3 Checked: Jul 17 at 10:11 pm
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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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $23.87 |
| − Vacancy | −$16.1k | −$6.02 |
| EGI | $47.9k | $17.85 |
| − OpEx | −$12.0k | −$4.46 |
| NOI | $35.9k | $13.39 |
2,683 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Willingham Law Firm, ...
Law Firm
Reid Thompson
Law Firm
Berry Jimmy D
Law Firm
Brian Hobbs Law, ...
Law Firm
Carlton Legal Group
Law Firm
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FAQs
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.
