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Nazareth Land

555 Franklin Gateway SE, Marietta, GA 30067

Listing Price: $1,800,000

Lot Size
1.10 acres
Price/Acre
$1,636,364
Land Type
Land

Investment Overview

This 1.1 acre commercial development site is in a dense retail corridor with strong demographics on the north side of Atlanta. The property is located at 555 Franklin Gateway in Marietta, GA (Atlanta MSA) and is considered an infill location. It is currently leased to Ed Voyles, a large Atlanta automotive dealer, on a month-top-month basis for $4,200 per month. The 5 mile population is currently 228,756 (11% growth since 2000) with an average annual income of $93,764. The site is exposed to over 40,600 vehicles daily on the GA 120 Loop with excellent access, multiple points of egress, and direct access to I-75 one block to the east with close to 260,000 vehicles daily. The property falls within a Federal Opportunity Zone and presents an investor many options for development. Current zoning is           . The site is just 4 miles north of the Cumberland / Galleria submarket at the I-75 and I-285 interchange, home to the new Braves Stadium at Suntrust Park. It is also just a short distance to both Kennesaw State and Life Universities. This entire market has undergone tremendous high density growth over the last five years with continued expansion occurring. Although located in Cobb County, the subject property falls under The City Of Marietta jurisdiction whereby their Future Land Use Map has the property designated as a Regional Activity Center. The purpose of the RAC category is to provide for areas that can support high-intensity development, which serves a regional market. Typical land uses in these areas include high-rise office buildings, regional malls, varying densities of residential development, no defined height restrictions, and has access to major highways. Zoning approval will be Site Plan Specific with the City welcoming a high density development.

Investment Highlights

  • 48,482 SF Development Site in Dense Atlanta Corridor
  • Located Within Marietta's Regional Activity Center Future Land Use Plan
  • Designated Redevelopment Area In A Federal Opportunity Zone
  • One Block West Of I-75 At The Lower 120 Loop
  • Mile Population Of 228,756 With Average Income Of $93,764
  • Good Access With Surrounding Traffic Counts of 300,600 Vehicles
  • 4 Miles North Of I-75 & I-285 Interchange

Exclusively Listed By

Listing Price: $1,800,000

Lot Size
1.10 acres
Price/Acre
$1,636,364
Land Type
Land

Investment Highlights

  • 48,482 SF Development Site in Dense Atlanta Corridor
  • Located Within Marietta's Regional Activity Center Future Land Use Plan
  • Designated Redevelopment Area In A Federal Opportunity Zone
  • One Block West Of I-75 At The Lower 120 Loop
  • Mile Population Of 228,756 With Average Income Of $93,764
  • Good Access With Surrounding Traffic Counts of 300,600 Vehicles
  • 4 Miles North Of I-75 & I-285 Interchange

Investment Overview

This 1.1 acre commercial development site is in a dense retail corridor with strong demographics on the north side of Atlanta. The property is located at 555 Franklin Gateway in Marietta, GA (Atlanta MSA) and is considered an infill location. It is currently leased to Ed Voyles, a large Atlanta automotive dealer, on a month-top-month basis for $4,200 per month. The 5 mile population is currently 228,756 (11% growth since 2000) with an average annual income of $93,764. The site is exposed to over 40,600 vehicles daily on the GA 120 Loop with excellent access, multiple points of egress, and direct access to I-75 one block to the east with close to 260,000 vehicles daily. The property falls within a Federal Opportunity Zone and presents an investor many options for development. Current zoning is           . The site is just 4 miles north of the Cumberland / Galleria submarket at the I-75 and I-285 interchange, home to the new Braves Stadium at Suntrust Park. It is also just a short distance to both Kennesaw State and Life Universities. This entire market has undergone tremendous high density growth over the last five years with continued expansion occurring. Although located in Cobb County, the subject property falls under The City Of Marietta jurisdiction whereby their Future Land Use Map has the property designated as a Regional Activity Center. The purpose of the RAC category is to provide for areas that can support high-intensity development, which serves a regional market. Typical land uses in these areas include high-rise office buildings, regional malls, varying densities of residential development, no defined height restrictions, and has access to major highways. Zoning approval will be Site Plan Specific with the City welcoming a high density development.

Exclusively Listed By

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