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2000 Powers Ferry Rd Marietta, GA 30067

For Sale
$23,500,000

Prime Retail Investment Opportunity: High Growth Potential

Property size:
210,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional value-add opportunity presents a 215,000-square-foot retail and restaurant center in Marietta, Georgia. Located at 2000 Powers Ferry Rd, this Class B property boasts three buildings across 7.53 acres, offering significant upside potential. Currently featuring a 2.96% cap rate and a NOI of $695,092, the property presents a compelling investment case. Built in 1988, the six-story complex includes a mix of retail space (100% occupied) and office space (14% occupied). Additional vacant space includes an event space and fitness center, offering further development possibilities. The property benefits from excellent visibility and high traffic counts on Windy Hill Rd (27,600 AADT) and Powers Ferry Rd (35,188 AADT), with ample parking including a parking deck and surface lots. The property is zoned OHR and offers diverse usage potential, including the possibility of converting office space to residential or medical uses. Located in a thriving area of Northwest Atlanta, near I-75 and I-285, and across from Wildwood, the Powers Ferry Center benefits from a strong population base (over 216,000 within 5 miles) and proximity to the recently relocated Atlanta Braves stadium and Battery Park. The asking price is $23,500,000. Rent bumps are available. This property offers a unique blend of immediate income and long-term growth potential in a highly desirable location.

Property Features for 2000 Powers Ferry Rd

General Information

Property type
Lifestyle centers
Square Feet
210,000 SF
Class
B
Lot Size
328,007 SF

Building Details

Year Built
1988
Buildings
3
Stories
6

HighLights

  • Prime Marietta, GA location at 2000 Powers Ferry Rd, within the Atlanta MSA.
  • Versatile 215,000 SF retail and restaurant center with significant value‑add potential.
  • Thriving business hub with strong population base (216,000+ within 5 miles), near I‑75 & I‑285, and the Atlanta Braves stadium.
  • High occupancy retail (100%) and significant leasing upside with 14% occupied office space, plus vacant event space and fitness center.
  • Strong investment opportunity with a $23.5M asking price, 2.96% cap rate, and $695,092 NOI; rent bumps available.
  • Excellent visibility and access with high traffic counts (Windy Hill Rd: 27,600 AADT; Powers Ferry Rd: 35,188 AADT), ample parking (deck & surface lots), and prominent signage.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Atlanta Health Systems Medical Center Advanced Technology Services ... Software Company Grateful Dental Dentist Traime Behavioral Health Mental Health Service Tribe Brazilian Jiu-Jitsu Martial Arts School

Suggested Use

Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Marietta
County
Cobb
State
Georgia
Longitude
-84.4651785
Latitude
33.9061064

FAQs

What type of property is this?
Lifestyle center - Prime Retail Investment Opportunity: High Growth Potential
Where is this lifestyle center located?
The property is located at 2000 Powers Ferry Rd Marietta, GA.
What is the asking price?
The asking price for this property is $23,500,000.
What are key features of this property?
This property features: Prime Marietta, GA location at 2000 Powers Ferry Rd, within the Atlanta MSA.; Versatile 215,000 SF retail and restaurant center with significant value-add potential.; Thriving business hub with strong population base (216,000+ within 5 miles), near I-75 & I-285, and the Atlanta Braves stadium.
More about this property
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