724 Cherokee St - Restaurant FOR SALE


Marietta, GA 30060
$2,900,000 USD
770-992-5112
724 Cherokee St, Marietta, GA for Sale
$2,900,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

724 Cherokee St
Marietta, GA 30060


HIGHLIGHTS

  • Two Tenant Bldg
  • Some Kitchen Equipment to Remain
  • Adjacent to Wellstar Kennestone Hospital
  • 1 mile North of Downtown Marietta

OVERVIEW

SVN Creviston Realty is pleased to present for sale 724 Cherokee St. Said property is currently a two tenant restaurant and bakery, sitting on .4 ac and zoned OI within the City Limits of Marietta. Property is conveniently located next to rapidly growing Wellstar Kennestone Hospital and is only one mile north of Downtown Marietta Square. The current owner/tenant prefers to sell the property and vacate but would lease to a long term tenant. Cherokee St is one of the main traffic arteries in and out of Marietta connecting to I-75 and I-575. Due to the large medical presence in the immediate area the property could have a potential medical use which would permit under the current zoning. Location Description Located on Cherokee St across from Wellstar Kennestone Hospital. Property is within the City Limits of Marietta. In 2020, Wellstar Kennestone Regional Medical Center opened a 200+ bed Emergency Department. The new Emergency Department became the largest ER in Georgia and one of the top 5 largest in the United States. The economy of Cobb County, GA employs 402k people. The largest industries in Cobb County, GA are Professional, Scientific, & Technical Services (52,216 people), Retail Trade (45,021 people), and Health Care & Social Assistance (42,477 people). In 2021, Cobb County, GA had a population of 763k people with a median age of 37.1 and a median household income of $86,013. Between 2020 and 2021 the population of Cobb County, GA grew from 756,653 to 762,500, a 0.773% increase and its median household income grew from $80,830 to $86,013, a 6.41% increase.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

OI

APN/PARCEL ID

16-1074-0-040-0

ASK ABOUT THIS PROPERTY

Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.