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Property profile & analytics
OFF-MARKET
Office buildings

1053 Main St Stone Mountain, GA 30083-2922

1,500 SF 0.19 ac lot Built 1945
Entity Owned 12-yr Hold Free & Clear
Property ID
US22-4160394
Property summary
AI-generated overview

This exceptional executive office building, located at 1053 Main Street in Stone Mountain, Georgia, presents a compelling investment opportunity. Built in 1945, the single-building property sits on a 0.189-acre lot and is offered at $699,000. Its prime downtown location offers easy access to the historic Stone Mountain Village, providing convenient proximity to local amenities such as shops and restaurants. The area is experiencing significant commercial growth, fueled by recent developments including a new Pepsi Cola plant and upcoming BP gas station construction, along with highway expansion projects. This positive economic momentum suggests strong potential for future appreciation and increased rental income. The versatile space is suitable for a variety of business uses, including executive offices, retail establishments, and service-oriented businesses. The property's strategic location within a thriving community, coupled with the ongoing commercial development, makes it an attractive investment for discerning buyers seeking strong returns in a dynamic market. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area of Stone Mountain, Georgia, with a zip code of 30083. The property is situated in Dekalb County.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Construction WOOD FRAME
Total area 1,500 SF
Lot 0.19 ac (8,233 SF)
Zoning code X
APN 18 089 22 002
UPID US22-4160394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tax Refuge and Associates, LLC. Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Millenium Investment Group LLC · 12 yrs held
Millenium Investment Group LLC
since 2014
5 recorded transactions
2017
Price N/A
2014
$87,500
2013
$62,500
2010
$178,500
2007
$262,000
Zoning & alternative use
X · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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