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.
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3BEDS
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1.2ACRES
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1BATHS
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01/2 BATHS
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1,152SQFT
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$372$/SQFT
School Information
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.
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