691 Main StStone Mountain, GA 30083

Property Details for 691 Main St

Year built

1935

Lot size

0.29 AC

Property size (Sq ft)

1,648 SF

Zone code

X

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

18 074 10 025

APU

1807410025

Description

This exceptional commercial property in Stone Mountain, Georgia, presents a unique investment opportunity. Located at 691 Main Street, this 0.5-acre lot encompasses two buildings totaling 2,896 square feet. The first building, measuring 1,248 square feet, features three rooms and 1.5 bathrooms, perfectly suited for office space. The second building offers 1,648 square feet of versatile space, ideal for warehouse or flex use. The property's General Commercial zoning allows for a variety of uses, making it an adaptable asset for various business ventures. Situated less than a mile from Stone Mountain Park, this location benefits from excellent accessibility and visibility within a thriving community. Built in 1935, the property includes two parcels (691 Main St-18-074-10-025 & 712 2nd St-18-074-10-024) and is offered at an asking price of $350,000. This prime location and flexible space make this property a compelling investment prospect in a rapidly growing area. The property's versatility and proximity to Stone Mountain Park offer significant potential for future growth and return. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $354,096

  6.5%

  $326,858

  7%

  $303,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,459

  Geo Method

  $321,459

• Alternative Use

  Use

  Valuation

  Residential

  $405,304

  Hospitality

  $371,256

  Educational

  $308,880

  Medical

  $319,503

  Retail

  $480,481

Location Insight

City

Stone Mountain

County

Dekalb

State

Georgia

Latitude

33.799

Longitude

-84.1686

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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