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$1,500,000

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4.75 Acres Lot

Price Dropped by $250K

5706 Memorial DR Stone Mountain, GA 30083

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Quillie Williams

Maximum One Greater Atlanta Realtors

[email protected] +1(678) 573-6100

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 7625787

HOA Y/N No

Annual Tax Amount $19,767

Tax Year 2024

Lot Size 4.750 Acres

Acres 4.75

Property Sub-Type Unimproved Land

Source First Multiple Listing Service

Property Description

This exceptional 4.75± acre development opportunity is located on Memorial Drive, a highly visible and accessible State Rout in Dekalb County, Georgia just outside of I-285. The retail business on this Property has been a multi-generation landmark in the community for 55+ years. With over 440 feet of direct frontage and two existing curb cuts, the property offers excellent accessibility for a wide range of potential development projects including APARTMENTS, TOWNHOME & MIXED USE DEVELOPMENTS. Currently zoned O&I and situated within a designated Commercial Redevelopment Corridor as well as both State and Federal Opportunity Zones. This site is already ENTITLED for multi-family housing and a variety of other commercial uses. Its strategic location and zoning overlays make it well-positioned for increased density, rezoning flexibility, and eligibility for valuable development incentives. Permitted uses under current ENTITLEMENTS include multi-family apartments, hotel/motel, nursing facility, hospital, medical office, bank, daycare center, fitness center, private schools, recreation facilities, special events facility, indoor concert or theater venue, child care institution, place of worship, cemetery or mausoleum, funeral home, vocational and specialized schools, auto brokerage, office, trade shops, catering, and more. Additionally, a wide range of uses are allowable with a Special Use Permit, including high-rise apartments, extended stay hotels or motels, senior housing, cultural facilities, crematoriums, homeless shelters, and transitional housing. There is also strong potential for residential rezoning to allow for townhomes, mixed-use communities, single-family homes, or high-density apartment development. The Commercial Redevelopment Corridor overlay allows for various zoning classifications, including RSM, MR-1, MR-2, MU-1, MU-2, MU-3, NS, C-1, C-2, OI, OD, and OIT, providing significant flexibility for developers and investors. All information, including zoning classifications and permitted uses, is deemed reliable but not guaranteed. Prospective buyers are solely responsible for verifying all data, evaluating development suitability, and confirming the accuracy of the information provided. Active operating business currently on property. Do not visit without an appointment.

Location

State GA

County Dekalb

Area None

Zoning OI

Lake Name None

Rooms

Other Rooms Greenhouse, Outbuilding, Other

Interior

Equipment None

Exterior

Fence Chain Link, Fenced, Full, Perimeter

Community Features Curbs, Near Schools, Near Shopping, Near Trails/Greenway, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Neighborhood

Present Use Commercial,Retail

Street Surface Asphalt,Paved

Private Pool false

Building

Lot Description Cleared, Level, Unincorporated

Schools

Elementary Schools Hambrick

Middle Schools Stone Mountain

High Schools Stone Mountain

Others

Senior Community no

Tax ID 18 070 02 006

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://player.vimeo.com/video/1107430160?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0

Listed by Atlanta Fine Homes Sotheby's International

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Total Payment /mo

FHA • 3.5% Down $0 down Estimated Cash-to-Close $0

Purchase Price

Home price (auto-fills from listing)

Loan Program

Defaults to FHA

Term

Loan length

Credit Tier (for PMI) • FHA not affected by score

Conventional only

Down Payment

% or $

FHA min 3.5% enforced when FHA selected.

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HOA /mo

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Escrowed

Property Taxes

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MLS Tax % (fallback)

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Used when County mode

Manual Annual Taxes ($)

Used when Manual mode

Lender Fees ($)

Auto (2% of loan)

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Estimated Cash-to-Close

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Details

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FHA

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Cash-to-close$0

Conventional

Payment /mo$0

Cash-to-close$0

$0 /mo difference • $0 cash difference

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Quillie Williams

Broker Associate License ID: 204690

+1(678) 573-6100

5706 Memorial DR Stone Mountain, GA 30083

Quillie Williams

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Property Location & Nearby Amenities

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5706 Memorial DR

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