Mixed-Use Property with Office
For Sale
$255,000
Pending
717 Washington Ave NE, Marietta, GA 30060
CRC-zoned building with multiple rooms, reception area, and kitchen.
Property Size1,700 SF
Days on Market77
Property Features for 717 Washington Ave NE
General Information
Standard status
Pending
Size
1,700 SF
Property subtype
Commercial
Zoning
CRC
Property Condition
Severity
Repairs Needed
Evidence
mid-renovation
Building Details
Year Built
1950
Building Size
1,700 SF
Listing Agency:
Atlanta Communities
Listed By:
Christine McKinnell
Source:
Searchhomesinsavannah
Added: Aug 19
Changed: Nov 1
Last Checked: Nov 1 at 6:05AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property was built in 1950 and is currently in transitional renovation condition. The existing layout includes multiple rooms, a reception area, and a kitchen, reflecting its prior use as office space. Interior improvements are needed, particularly in the kitchen and other interior areas.
The property is zoned CRC, or Community Retail Commercial, with the source information identifying office, retail, and limited residential or live-work functionality as compatible possibilities. Located approximately 1 mile from Marietta Square, the building can support redevelopment into updated office space, retail use, or a live-work configuration.
The property is zoned CRC, or Community Retail Commercial, with the source information identifying office, retail, and limited residential or live-work functionality as compatible possibilities. Located approximately 1 mile from Marietta Square, the building can support redevelopment into updated office space, retail use, or a live-work configuration.
Key Highlights
- CRC zoning identified for office, retail, and limited residential or live‑work uses
- Approximately 1 mile from Marietta Square
- Existing office‑style layout with multiple rooms and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,180
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,600
$403.6K
Cap Rate 7%
$288,286
$288.3K
Cap Rate 9%
$224,222
$224.2K
Market Conditions
NOI Build-Up for 1,507 SF
Gross rent
$36.0K $23.87/SF
− Vacancy
−$9.1K −$6.02/SF
EGI
$26.9K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.2K $13.39/SF
Area
Cobb 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%
$403,600
Cap Rate 7%
$288,286
Cap Rate 9%
$224,222
Alternative Uses
Best Use
Office B
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 7.91%
Second Best
Mixed Use
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$423.2K
$370.3K – $493.7K
NOI $29,622 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
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Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CRC-zoned building with multiple rooms, reception area, and kitchen.
Where is this mixed-use property located?
The property is located at 717 Washington Ave NE Marietta, GA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: CRC zoning identified for office, retail, and limited residential or live‑work uses; Approximately 1 mile from Marietta Square; Existing office‑style layout with multiple rooms and reception area
