Renovated Historic Mixed-Use
For Sale
Contact for pricing
929 Main St, 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$0.64
Days on Market136
Property Features for 929 Main St
General Information
Standard status
Active
Size
4,052 SF
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,478
Building Details
Year Renovated
2023
Tenancy
Multi
Listing Agency:
CBC Metro Brokers
(678) 320-4800
Listed By:
Jelani Linder · License #355668
(404) 263-8520
Source:
Exprealty
Added: Jun 16
Changed: Sep 8
Last Checked: Oct 28 at 12:12PM
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 CBC Metro Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$49,232
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,640
$984.6K
Cap Rate 7%
$703,314
$703.3K
Cap Rate 9%
$547,022
$547.0K
Market Conditions
NOI Build-Up for 4,052 SF
Gross rent
$87.5K $21.60/SF
− Vacancy
−$8.8K −$2.16/SF
EGI
$78.8K $19.44/SF
− OpEx
−$29.5K −$7.29/SF
NOI
$49.2K $12.15/SF
Area
DeKalb County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,640
Cap Rate 7%
$703,314
Cap Rate 9%
$547,022
Alternative Uses
Best Use
Apartment 5plus
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 2,097.69%
Second Best
Office B
$775.2K
$678.3K – $904.4K
NOI $54,261 @ 7.0% cap · market cap 2,090.98%
Theoretical Best
Office A
$1.13M
$991.1K – $1.32M
NOI $79,288 @ 7.0% cap · market cap 3,055.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
805
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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 St Stone Mountain, GA.
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
