Canton Road Plaza - Value Add Opportunity | 1951-1955 Canton Rd
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Canton Road Plaza - Value Add Opportunity 1951-1955 Canton Rd
120,000 SF 33% Leased Retail Building Marietta, GA 30066 $6,300,000 ($53/SF) 4.18% Cap Rate
Investment Highlights
- Value-Add Opportunity
- Brick-Block Construction
- 36+ Tenants
- Minutes from I-75 / Canton Road Connector
- Month to Month Leases
- Cell Tower NOT Included in Sale
Executive Summary
Vision Commercial Advisors is pleased to present a value-add opportunity in Marietta, minutes from I-75 off Canton Road
Connector. The property is brick-block construction on approximately 10 acres and has been a steady income stream with below market rents for many years. Most leases are month to month which gives opportunity for buyer to reposition to market rents or redevelop. The Cell Tower will be retained by Seller. Please do not disturb tenants. Call for appointment to show.
Connector. The property is brick-block construction on approximately 10 acres and has been a steady income stream with below market rents for many years. Most leases are month to month which gives opportunity for buyer to reposition to market rents or redevelop. The Cell Tower will be retained by Seller. Please do not disturb tenants. Call for appointment to show.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
120,000 SF
Building Class
C
Year Built
1962
Price
$6,300,000
Price Per SF
$53
Cap Rate
4.18%
NOI
$263,600
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
10.00 AC
Zoning
CRC - CRC in City of Marietta
Parking
166 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
999 FT on Canton Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-0780-0-007-0 | Improvements Assessment | $444,680 |
| Land Assessment | $1,862,280 | Total Assessment | $2,306,960 |
PROPERTY TAXES
Parcel Number
16-0780-0-007-0
Land Assessment
$1,862,280
Improvements Assessment
$444,680
Total Assessment
$2,306,960
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Canton Road Plaza - Value Add Opportunity | 1951-1955 Canton Rd
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