Developable Commercial Land with
264 Marietta Highway Canton, GA 30114
For Sale
$1,980,000
General Commercial zoned site with about 238 feet of frontage on a major highway and an existing large structure on-site.
Property Size4,857 SF
Lot Size5.15 Acres
Price / SF$407.66
Days on Market13
Property Features for 264 Marietta Highway
General Information
Standard status
Active
Size
4,857 SF
Lot size
5.15 Acres
Property subtype
Other
Building Details
Year Built
2001
Listing Agency:
Atlanta Communities
(770) 316-8775
Listed By:
Troy McMahan
(770) 316-8775
Source:
Blackstreaminternational
Added: Jul 17
Changed: Jul 26
Last Checked: Jul 28 at 4:21AM
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
Investment Insights
Based on property information with market context.
A 5.15-acre commercial site offered for sale with General Commercial (GC) zoning and +/-238 feet of frontage on Marietta Hwy (GA-140). The property includes a large existing structure that may support adaptive reuse, along with multiple access points to the site.
Located in Canton, the property offers strong regional access and visibility, with traffic counts of 24,000+ and proximity to Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575.
The combination of developable land and an on-site building provides flexibility for buyers evaluating redevelopment and reuse options within a GC zoning framework.
Located in Canton, the property offers strong regional access and visibility, with traffic counts of 24,000+ and proximity to Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575.
The combination of developable land and an on-site building provides flexibility for buyers evaluating redevelopment and reuse options within a GC zoning framework.
Key Highlights
- 5.15 developable acres zoned General Commercial (GC) in Canton, GA
- +/-238' frontage on Marietta Hwy (GA‑140)
- Existing large structure on site with adaptive reuse opportunities
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 | $115.9k | $23.87 |
| − Vacancy | −$29.2k | −$6.02 |
| EGI | $86.7k | $17.85 |
| − OpEx | −$21.7k | −$4.46 |
| NOI | $65.0k | $13.39 |
4,857 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$929.1K
$813.0K – $1.08M
NOI $65,040 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,469 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - General Commercial zoned site with about 238 feet of frontage on a major highway and an existing large structure on-site.
Where is this commercial land located?
The property is located at 264 Marietta Highway Canton, GA.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 5.15 developable acres zoned General Commercial (GC) in Canton, GA; +/-238' frontage on Marietta Hwy (GA‑140); Existing large structure on site with adaptive reuse opportunities
