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Financial
Distress signals
Property profile

1615 Memorial Dr SE Atlanta, GA 30317

FOR SALE
Turn key restaurants
Property ID
US22-0743019
1,120 SF 0.01 ac lot Built 1969
Last sale Feb 2025 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a freestanding storefront building containing approximately 1,120 square feet on a 0.16-acre lot. The building was constructed in 1969 and was previously used as a restaurant; it has an existing interior configuration that can support continued food-service use or be adapted for retail occupancy. The site is located along Memorial Drive with approximately 70 feet of frontage and includes limited on-site parking. It is situated in Atlanta near I-20 in the East Atlanta/Edgewood…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$78
Tax billed · 2024
Assessed value$8k
Assessed improvement$8k
Effective rate1.00%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$544/SF
Submarket average, outlier-cleaned · 129 recorded sales of this use type
Observed band · Q1–Q3$257 – $936
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3.04%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionDE KALB

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.1
Dental Office16.8
Building Supply14.5

Location

1615 Memorial Dr SE Atlanta, GA 30317
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2349 Glenwood SE, Atlanta, GA 30317-3213 $1,412,300 Jul 2024 2,400 SF
142 Whitefoord SE, Atlanta, GA 30317-1730 $500,000 Aug 2022 2,510 SF
3148 Memorial SE, Atlanta, GA 30317 $1,200,000 Apr 2022 2,924 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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