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$849,900
14 Days On Site

340 Lockheed Avenue SE
Marietta, GA 30060

For Sale|Business|Active
0
Beds
0
Total Baths
3,744
SqFt
$227
/SqFt
1970
Built
County:
Cobb
Listing Courtesy Of: JASON E FOX of Zellerman Broker: 404-239-7500 Prefer Ph#:jason@zellerman.com

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

340 Lockheed Avenue SE340 Lockheed Avenue SE340 Lockheed Avenue SE340 Lockheed Avenue SE
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Fully operational and 100% occupied, this 13-bedroom adult living facility presents a rare, turnkey investment opportunity. The property is fully compliant with all zoning regulations, licenses, and permits, ensuring immediate and seamless ownership transition. Extensively remodeled from top to bottom, the facility features generously sized resident rooms, a spacious recreation area, and a recently upgraded commercial-grade kitchen designed for efficiency and scale. Additional improvements include a fire sprinkler system, ADA-compliant bathrooms, and a dedicated on-site manager’s office, all contributing to a safe, functional, and professionally managed environment. The property is secured with full fencing and gated access, offering ample on-site parking and thoughtfully maintained green space for residents. A key highlight is the presence of a strong, established tenant who maintains full occupancy, currently with a waiting list. The tenant is operating under a favorable long-term lease that includes approximately 10% annual rent escalations—outpacing inflation and steadily enhancing the property’s capitalization rate year over year. Offered fully furnished and requiring minimal operational oversight, this asset delivers stable cash flow with low expenses, making it an exceptional opportunity for both long-term hold investors and those seeking immediate, reliable income. Given the high level of interest and the medical facility's secure status and patient safety, we can only show the interior of the building during the inspection due diligence period. We are happy to provide additional information and financials upon request. Please do not attempt to tour the facility on your own, as it is a fully functioning and secure medical facility, and you must be escorted by someone from our office.

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Listing Snapshot
Price 
$849,900
Days On Site 
14 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,744 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.63 Acres
Year Built 
1970
MLS® Number 
7760177
Status 
Active
Property Tax 
$6,761
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Active
2 weeks agoPrice changed to $849,900
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.63
Foundation 
Combination
Green Energy Efficient 
AppliancesInsulationThermostat
Levels 
One
Parking 
Parking Lot
Parking Spaces 
11
Property Condition 
Updated/Remodeled
Property Sub Type 
Business
Security 
Smoke Detector(s)Fire AlarmFire Sprinkler SystemSecurity GateSecurity Lights
Sewer 
Public Sewer
SqFt Total 
3744
Utilities 
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableWater Available
Water Source 
Public
Zoning 
0&I
Interior Features
Basement 
None
Cooling 
Ceiling Fan(s)Central Air
Electric 
220 Volts
Flooring 
Ceramic Tile
Heating 
Central
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
Frame
Fencing 
FencedGatePerimeterPrivacy
Lot Features 
LevelRectangular Lot
Other Structures 
None
Road Frontage 
City Street
Roof 
Asphalt
View 
NeighborhoodTrees/Woods
Waterfront Features 
None
Waterview 
NeighborhoodTrees/Woods
Windows/Doors 
Insulated Windows
Community Features
Accessibility Features 
Accessible EntranceAccessible Approach with RampAccessible BedroomAccessible DoorsAccessible Full BathAccessible Hallway(s)Accessible KitchenGrip-Accessible Features
Financing Terms Available 
CashConventional
Roads 
Asphalt
Listing Courtesy Of: JASON E FOX of Zellerman Broker: 404-239-7500 Prefer Ph#:jason@zellerman.com

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