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Property profile & analytics
OFF-MARKET
Investment properties

691 Main St Stone Mountain, GA 30083-3914

1,648 SF 0.29 ac lot Built 1935
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US22-1648235
Property summary
AI-generated overview

This exceptional commercial property in Stone Mountain, Georgia, presents a unique investment opportunity. Located at 691 Main Street, this 0.5-acre lot encompasses two buildings totaling 2,896 square feet. The first building, measuring 1,248 square feet, features three rooms and 1.5 bathrooms, perfectly suited for office space. The second building offers 1,648 square feet of versatile space, ideal for warehouse or flex use. The property's General Commercial zoning allows for a variety of uses, making it an adaptable asset for various business ventures. Situated less than a mile from Stone Mountain Park, this location benefits from excellent accessibility and visibility within a thriving community. Built in 1935, the property includes two parcels (691 Main St-18-074-10-025 & 712 2nd St-18-074-10-024) and is offered at an asking price of $350,000. This prime location and flexible space make this property a compelling investment prospect in a rapidly growing area. The property's versatility and proximity to Stone Mountain Park offer significant potential for future growth and return. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Total area 1,648 SF
Lot 0.29 ac (12,490 SF)
Zoning code X
APN 18 074 10 025
UPID US22-1648235
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
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Blend (final) Blend
by Request
Owner & transaction history
Kareem Gay · 2 yrs held
Kareem Gay
since 2023
Last sale
$305,000
2 recorded transactions
2023
Price N/A
2021
$305,000
Zoning & alternative use
X · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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