Commercial Land with Existing
For Sale
$1,890,000
264 Marietta Highway, Canton, GA 30114
Commercial Sale, Canton, GA
Property Size4,857 SF
Lot Size5.15 Acres
Price / SF$389.13
Days on Market47
Property Features for 264 Marietta Highway
General Information
Property type
Residential
Property subtype
Office
Zoning
GC
Parking
8
Parking features
Parking Lot
Window features
Wood Frames
Interior features
High Ceilings 10 or Greater, Living Space Available, Recessed Lighting, Restrooms
Lot features
Corner Lot, Sloped
Directions
Follow GPS
Standard status
Active
APN
91N06 B010
Size
4,857 SF
Lot size
5.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10862
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2001
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
HardiPlank Type
Roof type
Asphalt
Additional Structures
Outbuilding
Listing Agency:
Atlanta Communities
(770) 240-2005
Listed By:
Troy McMahan
(770) 316-8775
Added: Sep 4
Changed: Oct 16
Last Checked: Oct 20 at 11:06PM
MLS# 7833005
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5.15-acre commercial land parcel includes a 4,857-square-foot structure built in 2001. The building features ceilings of 10 feet or greater, restrooms, recessed lighting, hardwood and tile flooring, central heating and cooling, and a parking lot. Public water and public sewer serve the property, with an asphalt roof and HardiPlank construction materials.
Located at 264 Marietta Highway, the site has approximately 238 feet of frontage along Marietta Hwy / GA-140, multiple access points, and traffic counts exceeding 24,000. The property is near Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575. GC zoning and the existing improvements support consideration of commercial development or adaptive reuse.
Located at 264 Marietta Highway, the site has approximately 238 feet of frontage along Marietta Hwy / GA-140, multiple access points, and traffic counts exceeding 24,000. The property is near Canton's CBD, The Mill on Etowah, Riverstone Parkway retail and restaurants, Northside Cherokee Hospital, and I-575. GC zoning and the existing improvements support consideration of commercial development or adaptive reuse.
Key Highlights
- 5.15‑acre commercial land parcel with a 4,857‑square‑foot existing structure
- General Commercial (GC) zoning
- Approximately 238 feet of frontage on Marietta Hwy / GA‑140
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,040
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,800
$1.3M
Cap Rate 7%
$929,143
$929.1K
Cap Rate 9%
$722,667
$722.7K
Market Conditions
NOI Build-Up for 4,857 SF
Gross rent
$115.9K $23.87/SF
− Vacancy
−$29.2K −$6.02/SF
EGI
$86.7K $17.85/SF
− OpEx
−$21.7K −$4.46/SF
NOI
$65.0K $13.39/SF
Area
Cherokee 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%
$1,300,800
Cap Rate 7%
$929,143
Cap Rate 9%
$722,667
Alternative Uses
Best Use
Office B
$929.1K
$813.0K – $1.08M
NOI $65,040 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,469 @ 7.0% cap · market cap 5.05%
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
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 30114, GA
59,139
Population
22,259
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
95.2 sq mi
ZIP Area
621
Density / Sq Mi
$97,684
Median Household Income
$47,257
Median Earnings
$1,654
Median Rent
$408,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - GC-zoned site with an existing building and multiple access points.
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 $1,890,000.
What are key features of this property?
This property features: 5.15‑acre commercial land parcel with a 4,857‑square‑foot existing structure; General Commercial (GC) zoning; Approximately 238 feet of frontage on Marietta Hwy / GA‑140
