2000 Powers Ferry Rd Marietta, GA 30067

Property Details for 2000 Powers Ferry Rd

Year built

1988

Lot size

7.53 lot acres

Property size

321,954 SF

Zone code

OHR

Property type

Strip malls

Property subtype

Neighborhood centers

APN

17094100020

APU

17094100020

Description

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.

Location Insight

City

Marietta

County

Cobb

State

Georgia

Longitude

-84.4657

Latitude

33.9068

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments