Turnkey 13-Bed Assisted Living
340 Lockheed Avenue SE Marietta, GA 30060
For Sale
$799,000
COMMERCIAL - Marietta, GA
Property Size3,744 SF
Lot Size0.63 Acres
Price / SF$213.41
Days on Market95
Property Features for 340 Lockheed Avenue SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
0&I
Parking
11
Parking features
Parking Lot
Security features
Security Lighting
Window features
Insulated Windows
Interior features
Living Space Available, Reception Area, Restrooms
Fencing
Privacy, Gate, Fenced, Perimeter
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
17050400870
Size
3,744 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6761
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Zellerman
(404) 239-7500
Listed By:
JASON E FOX · License #243606
(404) 239-7500
Added: Apr 24
Changed: Jul 22
Last Checked: Jul 27 at 2:06PM
MLS# 7760177
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.
Investment Insights
Based on property information with market context.
This fully operational 13-bedroom adult living facility is positioned as a turnkey, furnished purchase. The property has been extensively remodeled throughout and includes generously sized resident rooms, a spacious recreation area, and a recently upgraded commercial-grade kitchen. On-site infrastructure and accessibility features include a fire sprinkler system and ADA-compliant bathrooms, along with a dedicated on-site manager’s office. The facility is secured with full fencing and gated access, and it is supported by maintained green space and on-site parking.
Located at 340 Lockheed Avenue SE in Marietta, Georgia, the property is represented as fully compliant with zoning regulations, licenses, and permits. The listing notes a long-term lease in place with a tenant maintaining full occupancy and a waiting list.
Interior access is restricted; the seller will only allow showings during the inspection due diligence period and all tours must be coordinated and handled with an escort from the office.
Located at 340 Lockheed Avenue SE in Marietta, Georgia, the property is represented as fully compliant with zoning regulations, licenses, and permits. The listing notes a long-term lease in place with a tenant maintaining full occupancy and a waiting list.
Interior access is restricted; the seller will only allow showings during the inspection due diligence period and all tours must be coordinated and handled with an escort from the office.
Key Highlights
- 13‑bedroom adult living facility that is fully operational and 100% occupied with an established tenant and a waiting list
- Long‑term lease includes approximately 10% annual rent escalations
- Remodeled facility with a recently upgraded commercial‑grade kitchen, spacious recreation area, and reception area
Financial Insights For Apartment 5plus
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 | $97.5k | $26.04 |
| − Vacancy | −$6.0k | −$1.61 |
| EGI | $91.4k | $24.43 |
| − OpEx | −$41.2k | −$10.99 |
| NOI | $50.3k | $13.43 |
3,744 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$718.5K
$628.7K – $838.3K
NOI $50,297 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Affinity Hospice — 1395 South Marietta Pkwy SE Building 400 Suite 116, Marietta, GA 30067
- Agape Hospice Care of Georgia - Marietta — 1395 South Marietta Pkwy SE building 750 suite 730, Marietta, GA 30067
- MEECHEELALA INC — 97 Austin Ave NE, Marietta, GA 30060
Frequently Asked Questions
What type of property is this?
Assisted living facility - Fully operational, 100% occupied 13-bedroom adult living facility with extensive remodeling, fire sprinklers, ADA-compliant bathrooms, and furnished setup.
Where is this assisted living facility located?
The property is located at 340 Lockheed Avenue SE Marietta, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 13‑bedroom adult living facility that is fully operational and 100% occupied with an established tenant and a waiting list; Long‑term lease includes approximately 10% annual rent escalations; Remodeled facility with a recently upgraded commercial‑grade kitchen, spacious recreation area, and reception area
