Turnkey Adult Living
340 Lockheed Avenue SE, Marietta, GA 30060
COMMERCIAL - Marietta, GA
Property size:
3,744 SFLot size:
0.63 AcresPrice / SF:
$227/SF- Added:
- Apr 24, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 12 at 9:06 am
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
- Perimeter, Fenced, Privacy, Gate
- 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
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent JASON E FOX License #243606 (404) 239-7500
Listing office Zellerman 1208 N Broad Street, Atlatna, GA (404) 239-7500
Listing date Apr 24, 2026
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.
HighLights
- 100% Occupied with Waiting List: Demonstrates strong demand and immediate income potential.
- Favorable Long‑Term Lease with 10% Annual Rent Escalations: Ensures increasing cash flow.
- Turnkey Investment: Fully operational, furnished, and compliant for seamless ownership transition.
- Extensively Remodeled: Features generously sized resident rooms, upgraded commercial‑grade kitchen, and ADA‑compliant bathrooms.
- Professionally Managed and Secure: Includes on‑site manager's office, fire sprinkler system, gated access, and full fencing.
- Stable Cash Flow with Low Expenses: Delivers reliable income with minimal operational oversight.
Overview
This fully operational and 100% occupied, 13-bedroom adult living facility is a turnkey investment opportunity. The property is fully compliant with all zoning regulations, licenses, and permits. The facility has been extensively remodeled and features generously sized resident rooms, a spacious recreation area, and a recently upgraded commercial-grade kitchen. Additional improvements include a fire sprinkler system, ADA-compliant bathrooms, and a dedicated on-site manager's office. The property is secured with full fencing and gated access, offering ample on-site parking and thoughtfully maintained green space for residents. A strong, established tenant maintains full occupancy, currently with a waiting list, and is operating under a favorable long-term lease that includes approximately 10% annual rent escalations. Offered fully furnished and requiring minimal operational oversight, this asset delivers stable cash flow with low expenses. The property is located in Marietta, GA, in Cobb County, and has a lot size of 0.63 acres. The property size is 3744 square feet. The zoning is 0&I.
Local 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 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.521908
- Latitude
- 33.944118
Nearby Similar for Sale
FAQs
What type of property is this?
Assisted living facility - Fully operational, 13-bedroom adult living facility in Marietta, GA.
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 $849,900.
What are key features of this property?
This property features: 100% Occupied with Waiting List: Demonstrates strong demand and immediate income potential.; Favorable Long‑Term Lease with 10% Annual Rent Escalations: Ensures increasing cash flow.; Turnkey Investment: Fully operational, furnished, and compliant for seamless ownership transition.
