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Property profile & analytics
FOR SALE
Turn key restaurants

1615 Memorial Dr SE Atlanta, GA 30317

1,120 SF 0.01 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US22-0743019
Property summary
AI-generated overview

This 1,120-square-foot vacant commercial property, located at 1615 Memorial Dr SE in Atlanta, GA 30317, presents a compelling owner-user or value-add investment opportunity. The property, built in 1969, is situated on a 0.17-acre lot and features a single-story building with seven parking spaces. Its zoning is commercial, and it benefits from high traffic counts: 19,928 vehicles per day on Memorial Drive and 162,100 vehicles per day on I-20. The property is a former restaurant, making it ideal for a quick-service restaurant (QSR), restaurant, or storefront operation. The lease type is NNN, and the property has one ingress/egress point. This location near downtown Atlanta offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs. This is a rare opportunity to acquire a well-located commercial property in a high-traffic area of Atlanta. The property is suitable for redevelopment or repurposing, presenting a significant value-add potential for the right investor.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Construction WOOD FRAME
Total area 1,120 SF
Lot 0.01 ac (489 SF)
Zoning code C1
APN 15 178 04 015
UPID US22-0743019
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
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
Slkn LLC · 1 yrs held
Slkn LLC
since 2025
Last sale
$425,000
2 recorded transactions
2025
$425,000
2016
Price N/A
Zoning & alternative use
C1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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