Prime Development Opportunity in Stone
5706 Memorial Drive, Stone Mountain, GA 30083
- Added:
- Aug 7, 2025
- Days on Market:
- 281
- Last Refresh:
- May 14 at 10:06 am
Property Features for 5706 Memorial Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- OI
- Security features
- Security
- Vegetation
- Cleared
- Fencing
- Chain Link, Perimeter, Fenced
- 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 agent MARY BETH MCLAUGHLIN (404) 237-5000
Listing office Atlanta Fine Homes Sotheby's International 8000 Avalon Boulevard Suite 800, Atlanta, GA (770) 442-7300
Listing date Aug 7, 2025
MLS# 7625787
Listing URL
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HighLights
- 4. 75+\/- acre development opportunity suitable for apartments, townhomes, or mixed‑use developments.
- Entitled for multi‑family housing and a variety of other commercial uses, offering immediate development potential.
- Located in a Commercial Redevelopment Corridor and both State and Federal Opportunity Zones, providing access to valuable development incentives and rezoning flexibility.
- High visibility with over 440 feet of direct frontage on Memorial Drive and two existing curb cuts.
- Strategic location in Dekalb County, Georgia, just outside of I‑285.
- Zoned O&I with potential for increased density and a wide range of permitted uses under current entitlements and Special Use Permits.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tradition Trees (Stone ...
Christmas Tree Farm
Hall's Flower Shop ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Stone Mountain
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.204293
- Latitude
- 33.801917
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 4.75-acre site entitled for multi-family and commercial development.
Where is this commercial land 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 opportunity suitable for apartments, townhomes, or mixed‑use developments.; Entitled for multi‑family housing and a variety of other commercial uses, offering immediate development potential.; Located in a Commercial Redevelopment Corridor and both State and Federal Opportunity Zones, providing access to valuable development incentives and rezoning flexibility.
