Listing provided courtesy of CompassMLS# 7702061MLS Provider
  • 171 days on site
  • 58 views

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

Source: FMLS, MLS#: 7702061

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  • Property Type
    Commercial Sale
  • Lot
    0.37 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 493 Waterman Street SE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/15/2026Source: Georgia MLS Status Change
Active
5/13/2026Source: Georgia MLS Price Reduction
$899,000 -43.8%
5/13/2026Source: Georgia MLS Status Change
Price Change
5/13/2026Source: FMLS Price Reduction
$899,000 -43.8%
4/13/2026Source: FMLS Price Reduction
$1,599,000 -11.1%
4/9/2026Source: Georgia MLS Status Change
Active
4/7/2026Source: Georgia MLS Price Reduction
$1,599,000 -11.1%
4/7/2026Source: Georgia MLS Status Change
Price Change
1/25/2026Source: Georgia MLS Status Change
Active
1/12/2026Source: Georgia MLS Added to Database
January 12, 2026
1/9/2026Source: FMLS Added to Database
January 09, 2026