Entitled Multi-Family Retail Development
For Sale
$1,750,000
5706 Memorial Drive, Stone Mountain, GA 30083
COMMERCIAL - Stone Mountain, GA
Property SizeContact for details
Lot Size4.75 Acres
Days on Market372
Property Features for 5706 Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OI
Zoning description
Commercial
Security features
Security
Vegetation
Cleared
Fencing
Chain Link, Perimeter, Fenced
Lot features
Cleared, Level, Unincorporated
Elementary school
Hambrick
Middle school
Stone Mountain
High school
Stone Mountain
Directions
GPS Friendly
Standard status
Active
APN
18 070 02 006
Lot size
4.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
19767
Utilities
Utilities
Cable Available
Building Details
Additional Structures
Greenhouse
Listing Agency:
Atlanta Fine Homes Sotheby's International · Sotheby's International Realty
(770) 442-7300
Listed By:
MARY BETH MCLAUGHLIN
(404) 509-8767
Added: Aug 7, 2025
Changed: Aug 4
Last Checked: Aug 13 at 4:06AM
MLS# 7625787
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail-use development site sits on a 4.75+/- acre parcel and is currently operating with an on-site business. The property has over 440 feet of direct frontage along Memorial Drive and includes two existing curb cuts for access and circulation. Perimeter fencing is in place with chain link fencing.
The site is located on Memorial Drive, a highly visible and accessible State Route in DeKalb County, Georgia just outside I-285. The property is zoned O&I and lies within a designated Commercial Redevelopment Corridor, as well as both State and Federal Opportunity Zones. The site is already entitled for multi-family housing and a variety of other commercial uses.
Permitted uses under the current entitlements include multi-family apartments, hotel/motel, nursing facility, hospital, medical office, bank, daycare center, fitness center, private schools, and recreation facilities, among others. A wide range of additional uses may be considered with a Special Use Permit, including high-rise apartments, extended stay hotels or motels, senior housing, and transitional housing.
The site is located on Memorial Drive, a highly visible and accessible State Route in DeKalb County, Georgia just outside I-285. The property is zoned O&I and lies within a designated Commercial Redevelopment Corridor, as well as both State and Federal Opportunity Zones. The site is already entitled for multi-family housing and a variety of other commercial uses.
Permitted uses under the current entitlements include multi-family apartments, hotel/motel, nursing facility, hospital, medical office, bank, daycare center, fitness center, private schools, and recreation facilities, among others. A wide range of additional uses may be considered with a Special Use Permit, including high-rise apartments, extended stay hotels or motels, senior housing, and transitional housing.
Key Highlights
- 4.75+/- acre development site with perimeter chain link fencing
- Over 440 feet of direct frontage on Memorial Drive plus two existing curb cuts
- Zoned O&I and located in a designated Commercial Redevelopment Corridor
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 30083, GA
58,064
Population
24,282
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
3,244
Density / Sq Mi
$54,162
Median Household Income
$33,586
Median Earnings
$1,356
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Zoned OI and located in a Commercial Redevelopment Corridor with Opportunity Zone overlays for multi-family and mixed-use development.
Where is this retail space located?
The property is located at 5706 Memorial Drive Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 4.75+/- acre development site with perimeter chain link fencing; Over 440 feet of direct frontage on Memorial Drive plus two existing curb cuts; Zoned O&I and located in a designated Commercial Redevelopment Corridor
