1615 Memorial Dr SE Atlanta, GA 30317
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.