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Stone Mountain,GA 30083
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
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