1053 Main StStone Mountain, GA 30083

Property Details for 1053 Main St

Year built

1945

Construction

WOOD FRAME

Lot size

0.19 AC

Property size (Sq ft)

1,500 SF

Zone code

X

Property type

Office buildings

APN

18 089 22 002

APU

1808922002

Description

This exceptional executive office building, located at 1053 Main Street in Stone Mountain, Georgia, presents a compelling investment opportunity. Built in 1945, the single-building property sits on a 0.189-acre lot and is offered at $699,000. Its prime downtown location offers easy access to the historic Stone Mountain Village, providing convenient proximity to local amenities such as shops and restaurants. The area is experiencing significant commercial growth, fueled by recent developments including a new Pepsi Cola plant and upcoming BP gas station construction, along with highway expansion projects. This positive economic momentum suggests strong potential for future appreciation and increased rental income. The versatile space is suitable for a variety of business uses, including executive offices, retail establishments, and service-oriented businesses. The property's strategic location within a thriving community, coupled with the ongoing commercial development, makes it an attractive investment for discerning buyers seeking strong returns in a dynamic market. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area of Stone Mountain, Georgia, with a zip code of 30083. The property is situated in Dekalb County.

• CAP approach

  CAP return

  Valuation

  6%

  $322,296

  6.5%

  $297,504

  7%

  $276,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,590

  Geo Method

  $292,590

• Alternative Use

  Use

  Valuation

  Residential

  $368,905

  Hospitality

  $337,915

  Educational

  $281,141

  Medical

  $290,810

  Retail

  $437,331

Location Insight

City

Stone Mountain

County

Dekalb

State

Georgia

Latitude

33.811

Longitude

-84.1708

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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