5459 Mountain StStone Mountain, GA 30083
- Retail properties
- 5,418 SF
Property Details for 5459 Mountain St
- Year built
- 1854
- Lot size
- 2.00 AC
- Property size (Sq ft)
- 5,418 SF
- Zone code
- X
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 18 089 17 004
- APU
- 1808917004
Description
This exceptional commercial property presents a unique investment opportunity. Located in the desirable Stone Mountain Park submarket of DeKalb County, this 5,418 square foot event venue is housed in a beautifully preserved Folk Victorian style mansion, built in 1854. The single-tenant building sits on a 1.95-acre lot (APN: 18 089 17 004) and is zoned R-2. The property boasts authentic circa 1854 foundation and infrastructure, offering a blend of historical charm and modern functionality. Currently operating as a banquet hall, the property includes tangible assets available to the lessee. This is a single-story building with one suite. Lease agreements are structured as Triple-Net with a minimum five-year term. Cost allocation will be determined based on the lessee's use of the premises. The property's location along East Mountain Street provides excellent visibility and accessibility, making it an ideal venue for various events. This is a rare opportunity to acquire a piece of history with significant commercial potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,711,275
- 6.5%
- $1,579,639
- 7%
- $1,466,808
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,663,224
- Geo Method
- $2,663,224
-
Alternative Use
- Use
- Valuation
- Residential
- $1,332,484
- Hospitality
- $1,220,549
- Educational
- $1,015,482
- Medical
- $1,050,406
- Retail
- $1,579,639
Location Insight
- City
- Stone Mountain
- County
- Dekalb
- State
- Georgia
- Latitude
- 33.8085
- Longitude
- -84.1664
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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