Compass
Listed by Compass
$899,000
493 Waterman Street SE
Details
APN 16123400230
Property Type Mixed Use, Office
Sub Type Executive Office, Warehouse
Square Footage 4,936
Year Built 1995
Buildings 1
Acreage 0.369
Zoning CRC
Parking Spaces 18 spaces
Parking per 1,000 SqFt 3.65
Mixed Use | 4,936 SqFt
Marketing description
DEVELOPMENT OPPORTUNITY | 493 Waterman Street, Marietta, GA
Strategic Infill Site with Residential & Mixed-Use Potential
493 Waterman Street presents a compelling infill development opportunity in a growing Marietta submarket supported by ongoing redevelopment, housing demand, and proximity to employment, retail, and transportation corridors. This site is well-suited for ground-up development of approximately 3–4 single-family residences or a mixed-use / neighborhood commercial concept, subject to zoning and municipal approvals. The property’s configuration, location, and surrounding land uses support multiple development strategies, making it ideal for small-scale residential builders, boutique developers, or investors seeking flexible entitlement pathways.
Investment Highlights
• Residential Development Potential: Feasible layout for 3–4 detached single-family homes (buyer to verify density and setbacks). Currently surrounded by new construction, home prices at over a million dollars.
• Alternative Use Flexibility: Suitable for mixed-use or light commercial redevelopment depending on zoning and approvals. The building has endless potential and has recently been renovated. move-in-ready office spaces, 2 car bays, and so much more.
• High Demand Location: Positioned within an established corridor benefiting from continued neighborhood reinvestment, public transportation, a walkable community, and thriving business.
• Market Demand: Strong local demand for new construction housing and small-scale commercial projects
• Utilities & Infrastructure: Public utilities are available Standalone EcoHut
The site includes a standalone EcoHut structure, providing immediate functional utility for developers. This structure may serve as:
• Temporary construction or development office
• Sales or leasing workspace
• Creative studio or flexible accessory structure
• Potential adaptive reuse or removal depending on the final development plan
The EcoHut offers near-term usability while long-term redevelopment plans are executed, reducing early-phase overhead and increasing site efficiency. 493 Waterman Street offers a rare combination of location, flexibility, and immediate utility in a desirable Marietta market. With multiple development paths and strong fundamentals, this site represents an attractive opportunity for developers seeking scalable returns in an infill environment or the perfect business owner looking to grow their business in the perfect location.
All zoning, land use, density, and development feasibility to be verified by the Buyer with Cobb County and applicable authorities
Listing Contacts
Compass
Listed by Compass
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Zoning
R4 ResidentialSingle FamilySingle Family Residential
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View all 15 uses
View all 15 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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