1191 Memorial Dr Atlanta, GA 30316
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1191 Memorial Dr
- Year built
- 1950
- Property size
- 5,500 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional retail property, located at 1191-1199 Memorial Drive SE in Atlanta, GA, offers 1,500 to 5,000 square feet of renovated space in a freestanding building. Situated on a 0.51-acre lot with 150 feet of frontage on Memorial Drive, near the intersection with Moreland Avenue, this property boasts high visibility and accessibility. The C-2 zoning (City of Atlanta) allows for a variety of commercial uses. Currently, there are 21 parking spaces, with plans underway to potentially increase capacity. The building, constructed in 1950, is a single-story structure. The property's location offers significant advantages, including proximity to I-20, resulting in high daily traffic volume (approximately 55,000 vehicles). The surrounding area demonstrates strong demographics, with a median household income exceeding $140,000 and a 30% growth rate since 2013. The asking lease rate is $35.00 per square foot, NNN, with final pricing contingent upon the build-out scope. The property's tax parcel ID is 15-177-04-006. This is a rare opportunity to lease a highly visible, well-located retail space in a thriving Atlanta neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.3486
- Latitude
- 33.7473
