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    FOR SALE
    Warehouses

    4962 Redan Rd, Stone Mountain, GA 30088

    12,240 SF 3.2 ac lot Built 1961
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-1683867
    Property summary
    AI-generated overview

    This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in Stone Mountain, Georgia. Located at 4962 Redan Road, this property boasts a prime location within a thriving retail area, easily accessible via a nearby strip center. Built in 2023, the land is zoned MU-4, providing flexibility for a wide range of mixed-use developments. The zoning allows for diverse commercial ventures, catering to the needs of the vibrant community. Adding to its appeal is the presence of a 12,240 square-foot barn, offering immediate potential for storage or adaptation to suit specific business needs. The property's strategic location ensures convenient access to major transportation routes and MARTA, enhancing its accessibility and appeal to both businesses and customers. With its ideal zoning, existing structure, and excellent location, this property is poised for significant growth and return on investment. The asking price is $450,000. This is a rare opportunity to acquire a versatile commercial property in a high-demand area. The property is situated in DeKalb County, Georgia, with a zip code of 30088.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1961
    Total area 12,240 SF
    Lot 3.2 ac (139,392 SF)
    Zoning code OCR
    APN 16 002 02 004
    UPID US22-1683867
    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
    by Request
    Comparable Approach Comparable
    $811k
    Blend (final) Blend
    $685k
    Owner & transaction history
    Redan Family Holdings LLC · 11 yrs held
    Redan Family Holdings LLC
    since 2015
    2 recorded transactions
    2015
    2008
    Zoning & alternative use
    OCR · Stone Mountain, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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