Live-Work Mixed-Use
For Sale
$575,000
970 Main Street, Stone Mountain, GA 30083
Street-level retail is paired with an upstairs apartment in a two-level commercial property.
Property Size2,800 SF
Price / SF$205.36
Days on Market130
Property Features for 970 Main Street
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
VCM
Site & Location
Corner Location
Yes
Highway Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,750
Building Details
Building Size
2,800 SF
Year Built
2019
Year Renovated
2017
Buildings
1
Listing Agency:
HomeSmart
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 26 at 3:52AM
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 HomeSmart
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.
This 2,800-square-foot mixed-use building combines retail space on the main level with a two-bedroom, one-bathroom apartment upstairs. The property was rebuilt from the studs while retaining its early-1900s design, and carries Village Center Mixed-Use (VCM) zoning.
At 970 Main Street, the building sits at the Main Street and East Mountain Street intersection in Stone Mountain Village. Highway 78 is a one-minute drive away, and Stone Mountain Park is four blocks from the property. Lawn on Main, a planned greenspace and amphitheater, is next door.
At 970 Main Street, the building sits at the Main Street and East Mountain Street intersection in Stone Mountain Village. Highway 78 is a one-minute drive away, and Stone Mountain Park is four blocks from the property. Lawn on Main, a planned greenspace and amphitheater, is next door.
Key Highlights
- 2,800‑square‑foot mixed‑use property
- Main‑level retail space with a two‑bedroom, one‑bathroom apartment above
- Rebuilt from the studs in a design reflecting its early‑1900s origins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,383
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,660
$787.7K
Cap Rate 7%
$562,614
$562.6K
Cap Rate 9%
$437,589
$437.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$61.5K $21.96/SF
− Vacancy
−$5.2K −$1.87/SF
EGI
$56.3K $20.09/SF
− OpEx
−$16.9K −$6.03/SF
NOI
$39.4K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,660
Cap Rate 7%
$562,614
Cap Rate 9%
$437,589
Alternative Uses
Best Use
Retail
$562.6K
$492.3K – $656.4K
NOI $39,383 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 9.53%
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
Yes
Highway access
Yes
Utilities to site
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
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?
Mixed-use property - Street-level retail is paired with an upstairs apartment in a two-level commercial property.
Where is this mixed-use property located?
The property is located at 970 Main Street Stone Mountain, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,800‑square‑foot mixed‑use property; Main‑level retail space with a two‑bedroom, one‑bathroom apartment above; Rebuilt from the studs in a design reflecting its early‑1900s origins
