Active5706 Memorial Drive, Stone Mountain, GA 30083
$315,789 per acre · 4.75 acres (from listing data)
MLS# 7625787 · Listing Courtesy Of: Atlanta Fine Homes Sotheby's International
Listing Contact: 404-509-8767
Facts
About this land
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…
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Listing data last updated: Oct 30, 2026, 3:45 AM