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5706 Memorial Drive

Stone Mountain, GA 30083
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Acres4.75

Acres(Lot)

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.

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Detail Ic Property Details

Property Type : Land

Price : $1,750,000

AD Id : 66369104

MLS Id : 7625787

Lot Size : 4.75 Acres(Lot)

County : Dekalb

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Feature Features

  • Lot Information

    Lot Dimensions: 442x562x290x235x120x324 Lot Size Acres: 4.75 Lot Size Source: Public Records Lot Description: Cleared, Level, Open Lot

    Property Information

    Subdivision: None Source Property Type: Land Postal Code Plus 4: 3495 Zoning Description: Commercial Property SubType: Unimproved Land

  • Listing Price Information

    Listing Price: $1750000 Original Price: $1990000 Cash

  • Tax Information

    Parcel Number: 18 070 02 006 Tax Lot: 0 Tax Block: 2 Tax Year: 2024 Annual Tax: $19767 Tax Legal Desc: 18 070 02 006

  • School Information

    Elementary School: Hambrick
    Junior High School: Stone Mountain
    Senior High School: Stone Mountain
  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Location Information

    Direction: GPS Friendly Security Features: Security Gate
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Nearby Home Value

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4898-4912 Rockbridge Road, Stone Mountain, GA, 30083 $135,000 -- -- -- 1.20 Acres(Lot)
405 N Hairston Road, Stone Mountain, GA, 30083 $58,900 -- -- -- 0.24 Acre(Lot)
405 N Hairston Road, Stone Mountain, GA, 30083 $58,900 -- -- -- 0.24 Acre(Lot)

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ByOwner last updated this listing 06/13/2026 @ 20:35

MLS: 7625787 LISTED BY: MARY MCLAUGHLIN, Atlanta Fine Homes Sotheby's International 770-442-7300 SOURCE: First Multiple Listing Service (FMLS)

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