5706 Memorial Dr Stone Mountain, GA 30083

This 4.75+/- acre development opportunity is located on Memorial Drive in Dekalb County, Georgia, just outside of I-285. The property has over 440 feet of direct frontage and two existing curb cuts. It is zoned O&I and situated 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 current entitlements include multi-family apartments, hotel/motel, nursing facility, hospital, medical office, bank, daycare center, fitness center, private schools, recreation facilities, special events facility, indoor concert or theater venue, child care institution, place of worship, cemetery or mausoleum, funeral home, vocational and specialized schools, auto brokerage, office, trade shops, and catering. A wide range of uses are allowable with a Special Use Permit, including high-rise apartments, extended stay hotels or motels, senior housing, cultural facilities, crematoriums, homeless shelters, and transitional housing. There is also strong potential for residential rezoning to allow for townhomes, mixed-use communities, single-family homes, or high-density apartment development. The Commercial Redevelopment Corridor overlay allows for various zoning classifications, including RSM, MR-1, MR-2, MU-1, MU-2, MU-3, NS, C-1, C-2, OI, OD, and OIT.