Renovated Historic Mixed-Use
For Sale
Contact for pricing
929 Main Street, Stone Mountain, GA 30083
Renovated historic mixed-use property with ground-floor commercial space and two furnished loft suites for combined operating flexibility.
Property Size4,052 SF
Price / SF$333.17
Days on Market51
Property Features for 929 Main Street
General Information
Standard status
Active
Size
4,052 SF
Property subtype
Retail
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Metro Brokers
Listed By:
Jelani Linder · License #GA
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Jul 22 at 9:31AM
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 Coldwell Banker Commercial Metro Brokers
Investment Insights
Based on property information with market context.
929 Main Street is a renovated historic mixed-use building totaling 4,052 SF. The property includes two furnished loft suites that generate income and approximately 1,730 SF of ground-floor commercial space suited for a restaurant, café, wine bar, boutique retail, wellness, hospitality, creative office, or a live/work concept. Major structural, roof, and core building system improvements were completed in 2023.
Located in the heart of downtown Stone Mountain Village, the building offers opportunities for both storefront visibility and direct street-level commercial use. In addition to the main building, the property includes a rear parcel that can support parking, outdoor activation, service access, or potential future development, subject to buyer and permitting requirements.
This is well-suited for an owner-user who wants to run a business on the ground floor while retaining two furnished loft suites as supplemental income. With major improvements completed in 2023, the building is positioned for buyers seeking a turnkey option that allows close connection to day-to-day operations. Financing and grant options are mentioned for qualified buyers, including SBA financing and Georgia DCA and Decide DeKalb Revolving Loan Funds, as well as City of Stone Mountain façade and enhancement grants; eligibility and availability should be independently verified.
Located in the heart of downtown Stone Mountain Village, the building offers opportunities for both storefront visibility and direct street-level commercial use. In addition to the main building, the property includes a rear parcel that can support parking, outdoor activation, service access, or potential future development, subject to buyer and permitting requirements.
This is well-suited for an owner-user who wants to run a business on the ground floor while retaining two furnished loft suites as supplemental income. With major improvements completed in 2023, the building is positioned for buyers seeking a turnkey option that allows close connection to day-to-day operations. Financing and grant options are mentioned for qualified buyers, including SBA financing and Georgia DCA and Decide DeKalb Revolving Loan Funds, as well as City of Stone Mountain façade and enhancement grants; eligibility and availability should be independently verified.
Key Highlights
- Renovated historic mixed‑use building totaling 4,052 SF, built in 1925
- Includes two furnished, income‑producing loft suites
- Ground‑floor commercial space totals 1,730 SF, suited for restaurant/café/wine bar or retail/wellness use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.0k | $21.96 |
| − Vacancy | −$7.6k | −$1.87 |
| EGI | $81.4k | $20.09 |
| − OpEx | −$24.4k | −$6.03 |
| NOI | $57.0k | $14.07 |
4,052 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$814.2K
$712.4K – $949.9K
NOI $56,993 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.13M
$991.1K – $1.32M
NOI $79,288 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
856
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Renovated historic mixed-use property with ground-floor commercial space and two furnished loft suites for combined operating flexibility.
Where is this live-work space located?
The property is located at 929 Main Street Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Renovated historic mixed‑use building totaling 4,052 SF, built in 1925; Includes two furnished, income‑producing loft suites; Ground‑floor commercial space totals 1,730 SF, suited for restaurant/café/wine bar or retail/wellness use
