1191 Memorial DrAtlanta, GA 30316

Property Details for 1191 Memorial Dr

Year built

1950

Property size (Sq ft)

5,500 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional retail property, located at 1191-1199 Memorial Drive SE in Atlanta, GA, offers 1,500 to 5,000 square feet of renovated space in a freestanding building. Situated on a 0.51-acre lot with 150 feet of frontage on Memorial Drive, near the intersection with Moreland Avenue, this property boasts high visibility and accessibility. The C-2 zoning (City of Atlanta) allows for a variety of commercial uses. Currently, there are 21 parking spaces, with plans underway to potentially increase capacity. The building, constructed in 1950, is a single-story structure. The property's location offers significant advantages, including proximity to I-20, resulting in high daily traffic volume (approximately 55,000 vehicles). The surrounding area demonstrates strong demographics, with a median household income exceeding $140,000 and a 30% growth rate since 2013. The asking lease rate is $35.00 per square foot, NNN, with final pricing contingent upon the build-out scope. The property's tax parcel ID is 15-177-04-006. This is a rare opportunity to lease a highly visible, well-located retail space in a thriving Atlanta neighborhood.

Location Insight

City

Atlanta

County

Dekalb

State

Georgia

Latitude

33.7473

Longitude

-84.3486

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