947 Sheppard Rd Stone Mountain, GA 30083
For Sale
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Prime 5.06-Acre Development Opportunity in Historic Downtown Stone Mountain Welcome to 947 Sheppard Road - an exceptional assemblage of three parcels totaling over 5.06 acres, competitively priced at $885,000! Perfectly positioned in the heart of downtown Stone Mountain. Currently zoned General Commercial, this property offers a unique opportunity for visionary builders and developers to pursue rezoning to Residential. While the property is being sold as-is with no participation in rezoning or entitlement by the seller, the City of Stone Mountain Planning Department has previously expressed strong support for residential development at this site. With over 450 feet of road frontage and level topography, this site is primed for development. Utilities are readily accessible: power is already on-site, with water, sewer, gas, and a conveniently located fire hydrant at the street. Two dedicated curb cuts provide easy ingress and egress, enhancing the development potential. Surrounded by a dynamic mix of commercial businesses and residential homes, this property offers the perfect blend of community and connectivity. Just minutes from Stone Mountain Park-renowned for its live performances, family-friendly events, and outdoor attractions-this location also provides quick access to City Hall, retail shops, restaurants, medical offices, schools, and churches. Don't miss this rare opportunity to invest in a growing area with tremendous upside. Shape the future of Stone Mountain Village and bring your development vision to life. For more information or to schedule a private tour, contact: Sonia at 404.617.1910 or Fielding at 770.862.4133.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.