Retail Center with Available
New
For Sale
$2,500,000
2997 Cumberland Blvd SE, Atlanta, GA 30339
Restaurant and grocery tenants anchor a multi-tenant property with additional space available for lease.
Property Size33,600 SF
Price / SF$74.40
Days on Market2
Property Features for 2997 Cumberland Blvd SE
General Information
Standard status
Active
Size
33,600 SF
Property subtype
Shopping Strip
Occupancy
56%
Additional Details
Traffic Count
19,100 vehicles/day
Amenities
Auction - November 17-19 | Starting Bid: $2,500,000
14,900 SF of Vacancy Across Six Suites
In-Place Rents Average $23/SF vs $34 Market
Carrabba's Restaurant Lease Through July 2036
Bharath Bazaar Grocer Lease Through 2031
Less Than One Mile From The Battery Atlanta
650-Unit Mixed-Use Project on Adjacent Land
Building Details
Building Size
33,600 SF
Year Built
1996
Tenancy
Multi
Listing Agency:
Orange County Office
Listed By:
Mike Banwell · License #License(s): CA: 02045460
(954) 245-3397
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
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 Orange County Office
Investment Insights
Based on property information with market context.
Built in 1996, this retail center is 56% occupied and includes six vacant suites totaling 14,900 square feet. Available spaces range from 1,600 to 4,800 square feet. Carrabba's Italian Grill occupies 6,400 square feet under a lease extending to July 2036; Bharath Bazaar leases 7,500 square feet through February 2031. Tenants reimburse their pro rata shares of CAM, insurance, taxes, and management expenses.
The property fronts Cumberland Blvd SE, with reported traffic of 19,100 VPD, near I-285 and I-75. Within a one-mile radius, the surrounding retail inventory totals 3.2 million square feet. Adjacent land has been tied up for a proposed mixed-use project that includes 650 apartments and a 250-key hotel.
The property fronts Cumberland Blvd SE, with reported traffic of 19,100 VPD, near I-285 and I-75. Within a one-mile radius, the surrounding retail inventory totals 3.2 million square feet. Adjacent land has been tied up for a proposed mixed-use project that includes 650 apartments and a 250-key hotel.
Key Highlights
- Six vacant suites comprise 14,900 square feet; individual spaces range from 1,600 to 4,800 square feet
- 56% occupied retail center built in 1996
- Carrabba's Italian Grill leases 6,400 square feet through July 2036
Property Analytics
Current Use
Lease Details
19,100 VPD
Traffic count
56%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,740
Businesses Nearby
392k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 34%
Apparel 26%
Shops & Services 2%
Costco Wholesale
Superstores
147,316 visits/mo
0.5 miles
Macy's
Apparel
99,794 visits/mo
0.3 miles
Maggiano's Little Italy
Dining
46,753 visits/mo
0.3 miles
The Cheesecake Factory
Dining
37,761 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
27,828 visits/mo
0.4 miles
Demographics for 30339, GA
31,490
Population
21,303
Households
1.5
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
9.9 sq mi
ZIP Area
3,181
Density / Sq Mi
$101,049
Median Household Income
$66,949
Median Earnings
$1,820
Median Rent
$437,300
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Shopping center - Restaurant and grocery tenants anchor a multi-tenant property with additional space available for lease.
Where is this shopping center located?
The property is located at 2997 Cumberland Blvd SE Atlanta, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Six vacant suites comprise 14,900 square feet; individual spaces range from 1,600 to 4,800 square feet; 56% occupied retail center built in 1996; Carrabba's Italian Grill leases 6,400 square feet through July 2036
