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Cabbagetown Development Opportunity
For Sale
$1,600,000

678 MEMORIAL Drive SE, Atlanta, GA 30312

Development opportunity in Cabbagetown historic district ready for renovation.

Property Size2,026 SF
Days on Market151

Property Features for 678 MEMORIAL Drive SE

General Information

Standard status Active
Size 2,026 SF
Property subtype Other

Amenities

0.455 acres, City Lot
Public Sewer
Annual Amount: $4,052, Year: 2023
Cumulative Days on Market: 3, 3 days on market, On Market Date: 2026-08-04
Parking Total: 4, Parking Lot
Built in 2026
County: Fulton
New Construction
None, Public
Negotiable
Water body: NONE

Building Details

Building Size 2,026 SF
Year Built 2026
Listing Agency: Keller Williams Realty
Listed By: Manana Cain
Source: Blackstreaminternational
Added: Mar 26 Changed: Aug 23 Last Checked: Aug 21 at 10:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

Investment Insights

Based on property information with market context.

A development opportunity is available within the historic district of Cabbagetown. The stand-alone building is ready for renovation or potential combination as part of a multi-property sale. Property owners have initiated the planning phase for a mixed-use development that will encompass up to 20 multi-family units, 4 townhomes, a versatile-use center, and 3 commercial spaces. This proposal involves the acquisition of 690 Memorial Drive and 686 Memorial Drive. A parking variance will be necessary for the successful execution of this project, with detailed plans outlined in the documentation.

Key Highlights

  • Development opportunity in Cabbagetown historic district.
  • Mixed‑use potential: Up to 20 multi‑family units, 4 townhomes, a versatile‑use center, and 3 commercial spaces.
  • Acquire both 690 Memorial Drive and 686 Memorial Drive for a larger project.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Building Supply HVAC Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,748
Businesses Nearby

Demographics for 30312, GA

25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
Median Home Value

Market

Vacancy Rate% for Office in Atlanta, GA

17.9% 2019
20.4% 2020
22.2% 2021
22.4% 2022
23.8% 2023
25.2% 2024
25% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Development opportunity in Cabbagetown historic district ready for renovation.
Where is this mixed-use property located?
The property is located at 678 MEMORIAL Drive SE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Development opportunity in Cabbagetown historic district.; Mixed‑use potential: Up to 20 multi‑family units, 4 townhomes, a versatile‑use center, and 3 commercial spaces.; Acquire both 690 Memorial Drive and 686 Memorial Drive for a larger project.
More about this property
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