Property summary
This exceptional 1.2-acre property at 2916 Memorial Drive SE, Atlanta, GA 30317, presents a remarkable investment opportunity. Built in 1938, the property features a single building situated on approximately 0.3 acres, zoned C1, and an additional 0.9 acres zoned R4. The existing commercial building, located on Memorial Drive, offers immediate income potential for a variety of commercial uses. The property's C1 zoning allows for diverse commercial ventures, including but not limited to, professional offices (doctor, dentist, lawyer), retail spaces, or service businesses. The adjacent 0.9-acre parcel, zoned R4, provides significant development potential, offering flexibility for future expansion or separate development projects. This prime location in Dekalb County, within Atlanta city limits, boasts excellent visibility and accessibility near the intersection of Candler Road and Memorial Drive. Its proximity to East Lake, Oakhurst, downtown Decatur, and downtown Atlanta ensures high traffic and visibility. The ample land provides ample space for designated parking, enhancing the property's appeal to potential tenants or occupants. The asking price for this unique property is $279,000. This is a rare opportunity to acquire a versatile property with immediate income potential and significant long-term growth prospects in a thriving Atlanta neighborhood.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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