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    678 Memorial Dr Atlanta, GA 30312

    Sponsored
    For Sale
    $800,000

    Prime Atlanta location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.115-acre mixed-use property at 678 Memorial Drive SE in Atlanta, Georgia, presents a unique investment opportunity. Built in 1948, this single-building site is zoned for a variety of uses, including executive office, retail, and residential. The asking price is $800,000. Currently, the property offers significant redevelopment potential. Pre-existing plans, available for review, detail a proposed multi-use development project encompassing 18 multifamily units, 5 townhomes, a multi-use center, and 3 retail spaces. This ambitious project will require a parking variance, details of which are included in the provided documentation. The property's location within the historic Cabbage Town district offers unparalleled access to Atlanta's vibrant urban core. The included survey and development plans provide a comprehensive overview of the site's potential. Note that the owners also possess adjacent properties at 686 and 690 Memorial Drive SE. This presents a unique opportunity to acquire a significant footprint in this desirable Atlanta neighborhood. Serious inquiries are encouraged to review the detailed plans and explore the possibilities of this exciting development project. The property is located in Fulton County, Georgia, zip code 30312.

    Property Features for 678 Memorial Dr

    General Information

    Property type
    Land
    Lot Size
    5,009 SF

    Building Details

    Year Built
    1948
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton - GA
    State
    Georgia
    Longitude
    -84.3653171
    Latitude
    33.7469153

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    FAQs

    What type of property is this?
    Land - Prime Atlanta location, development potential.
    Where is this land located?
    The property is located at 678 Memorial Dr Atlanta, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    Request Owner's contact information
    678 Memorial Dr Atlanta, GA 30312
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    Atlanta, GA 30312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    678 Memorial Dr Atlanta, GA 30312
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