Skip To Content

2916 Memorial Drive SE

Atlanta, GA 30317
  • $429,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 7218866
UPDATED: 85 min ago
$429,000
  • 3
    BEDS
  • 1.2
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,152
    SQFT
  • $372
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1939
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Smart investment property. Great opportunity for double digit CAP rate return on commercially zoned house. This is also an opportunity to purchase a below-market house for the East Lake area. Price reduced!! Seller is willing to sell the C1 zoned portion of 2916 Memorial Drive, which is approximately +/- .3 acres, with the existing commercially zoned house on it facing Memorial Drive for just $429K. The adjoining R4 zoned land on E Tupelo St., which is approximately .9 acres, can be purchased separately, as well, for just $99K. Buy everything together, including ALL 1.2 acres with the house & its C1 zoning on the .3 acres and additionally the R4 zoned land on the .9 acres, for just $489K. Even much larger land assemblage opportunities available here as well - just inquire within! Please see various illustrated subdivided lot configuration pricing models in the PHOTOS section !!!........................................................................................... COMERCIAL HOUSE: Perfect for the end-user, landlord, investor, or developer. Commercial house zoned C1 on Memorial Dr. Great for the savvy investor to rent the commercial space while implementing the right long-term plan (just add 1,000 sqft & get your desired double digit CAP rate here). The space is now ready for tenant improvements for various commercial uses. Ideal location in City of Atlanta near the intersection of Candler Rd. & Memorial Dr. for a MUSIC STUDIO, chiropractor, doctor, dentist, lawyer, surveyor, architect, barber, psychic, antique dealer, tailor, veterinarian, caterer, etc. Close to East Lake, Oakhurst, and downtown Decatur & downtown Atlanta. Plenty of room for designated parking spots........................................................................................................................................................................................................ ADJOINING R4 LOTS: There is an approximate .9 acre residential tract of land zoned R4 that adjoins the .3 acre C1 lot. This additional adjoining residential land is to the north of the .3 acre C1 zoned lot that has the existing house structure on it. The residential land has approximately 150 feet of frontage on E Tupelo St. See DOCUMENTS section for survey and City of Atlanta C1 & R4 zoning regulations. See PHOTOS for plat maps, street maps, aerial maps, & offered subdivided land lot pricing configuration models.

Monthly Payment Calculator



First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2023 First Multiple Listing Service, Inc. Data last updated 2023-06-04T21:03:55.547. For issues regarding this website, please contact BoomTown.
atl.heylrealestate.com/homes/139675837
Print Image

2916 Memorial Drive SE Atlanta, GA 30317

  • Price: $429,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 85 min ago
  • MLS #: 7218866
3
Beds
1
Baths
0
½ Baths
1.2
Acres
1,152
SQFT
$372
$/SQFT
1939
Built
Neighborhood:
East Lake
County:
Dekalb
Area:
Dekalb
Elementary School:
Fred A. Toomer
Middle School:
Martin L. King Jr.
High School:
Maynard Jackson
Property Description
Smart investment property. Great opportunity for double digit CAP rate return on commercially zoned house. This is also an opportunity to purchase a below-market house for the East Lake area. Price reduced!! Seller is willing to sell the C1 zoned portion of 2916 Memorial Drive, which is approximately +/- .3 acres, with the existing commercially zoned house on it facing Memorial Drive for just $429K. The adjoining R4 zoned land on E Tupelo St., which is approximately .9 acres, can be purchased separately, as well, for just $99K. Buy everything together, including ALL 1.2 acres with the house & its C1 zoning on the .3 acres and additionally the R4 zoned land on the .9 acres, for just $489K. Even much larger land assemblage opportunities available here as well - just inquire within! Please see various illustrated subdivided lot configuration pricing models in the PHOTOS section !!!........................................................................................... COMERCIAL HOUSE: Perfect for the end-user, landlord, investor, or developer. Commercial house zoned C1 on Memorial Dr. Great for the savvy investor to rent the commercial space while implementing the right long-term plan (just add 1,000 sqft & get your desired double digit CAP rate here). The space is now ready for tenant improvements for various commercial uses. Ideal location in City of Atlanta near the intersection of Candler Rd. & Memorial Dr. for a MUSIC STUDIO, chiropractor, doctor, dentist, lawyer, surveyor, architect, barber, psychic, antique dealer, tailor, veterinarian, caterer, etc. Close to East Lake, Oakhurst, and downtown Decatur & downtown Atlanta. Plenty of room for designated parking spots........................................................................................................................................................................................................ ADJOINING R4 LOTS: There is an approximate .9 acre residential tract of land zoned R4 that adjoins the .3 acre C1 lot. This additional adjoining residential land is to the north of the .3 acre C1 zoned lot that has the existing house structure on it. The residential land has approximately 150 feet of frontage on E Tupelo St. See DOCUMENTS section for survey and City of Atlanta C1 & R4 zoning regulations. See PHOTOS for plat maps, street maps, aerial maps, & offered subdivided land lot pricing configuration models.
Exterior Features

Architectural Style Bungalow Construction Materials FrameOther Dock None Exterior Features Other Fencing Chain LinkStone Foundation Concrete PerimeterSee Remarks Horse Amenities None Land Lot 203 Lot Features Back YardFront YardLevel Number Of Parking Spaces 2 Other Structures None Parking Features Level Driveway Patio And Porch Features Covered Pool Features None Pool Private YN No Road Surface Asphalt Road Type Other Roof Type CompositionOther Stories One View Other Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherElectric Range Basement Crawl SpaceUnfinished Bedroom Features Other Cooling Central AirOther Dining Room Features Other Fireplace Features Living Room Flooring Hardwood Heating Forced Air Interior Features Other Kitchen Features Cabinets White Laundry Features Main Level Main Bedrooms 3 Main Full Baths 1 Master Bathroom Features Tub/Shower Combo Number Of Fireplaces 2

Property Features

Accessibility Features None Association Fee 0 Association YN No Common Walls No Common Walls Community Features Near MartaNear SchoolsNear ShoppingOther Electric Other Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No House On Property No Initiation Fee 0 Land Lease YN No Lot Size Dimensions 0 Master Association Fee 0 Other Equipment None Owner Financing No Property Attached YN No Property Condition Resale Security Features None Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2021 Taxes 613 Type Single Family Residence Utilities Electricity AvailableWater Available Water Source Public Waterfront Footage 0

Listing provided courtesy of Hammontree Realty, Llc.: [IDXCONTACTINFORMATION].


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2023 First Multiple Listing Service, Inc. Data last updated 2023-06-04T21:03:55.547. For issues regarding this website, please contact BoomTown.
 
https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_7218866-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_7218866-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_1_7218866-2.jpg
Logo
The Heyl Group at Keller Williams | Keller Williams Realty ATL North
3730 Roswell Rd. Ste 150
Marietta GA, 30062