51 Lott SE Ave Marietta, GA 30067-7466
- Investment properties
- 999 SF
- 0.27 lot acres
Current Use by Public Records
- Investment properties
Property Details for 51 Lott SE Ave
- Year built
- 1953
- Lot size
- 0.27 lot acres
- Property size
- 999 SF
- Zone code
- GC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 16124100320
- APU
- 16124100320
Description
This exceptional investment opportunity presents a fully renovated, 1953-built brick building situated on a 0.266-acre lot at 51 Lott Avenue SE, Marietta, GA 30067. Currently zoned commercial, this property boasts five executive office suites and a rear garage shop, all within easy reach of I-75, Powers Ferry Road, and Lower Roswell Road. The building features new hardwood floors and fresh interior and exterior paint. Two office suites and the garage shop are currently leased, generating immediate cash flow, while three additional office suites are available for lease, presenting a significant opportunity to increase profitability. An unfinished basement offers further expansion potential, allowing for additional rental income and a substantial increase in capitalization rate. The property includes a double driveway and a fenced backyard. A detailed profit and loss statement, rent roll, and leases are available upon request. The asking price is $450,000, with a current capitalization rate of 9%. This property offers a compelling combination of strong cash flow, excellent location, and significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $440,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $445,000
- Mixed-Use
- $455,000
- Hospitality
- $405,000
- Educational
- $470,000
- Residential Income
- $380,000
- Energy
- $415,000
- Income-Based Land
- $355,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5046
- Latitude
- 33.9487
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA