692 Moreland Ave Atlanta, GA 30316
This exceptional 0.2-acre property at 692 Moreland Avenue SE in Atlanta, Georgia, presents a unique redevelopment opportunity. Built in 1940, the single building structure formerly served as a church. Its location within a multifamily residential district, bordering the desirable Reynoldstown and Ormewood Park communities, offers significant potential for various commercial or residential uses. The property's proximity to I-20 (0.8 miles) ensures excellent accessibility. Moreland Avenue is experiencing rapid growth, with new construction and development projects underway, including a recently opened food hall just 1.9 miles away. This prime location offers investors the chance to capitalize on the area's transformation. The property is being sold in its as-is condition, providing flexibility for future development plans. The asking price is $540,000. The property's zip code is 30316, and it is situated in Dekalb County. This is an ideal investment for those seeking to participate in the revitalization of a thriving Atlanta neighborhood.
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Deliverance Hour Of Faith Holiness Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.