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Browse More Listings in Shopping Center For Sale, Stone Mountain, GA or Georgia

Shopping Center For Sale

Old Depot Village (Bank OREO)

6670 Memorial Dr, Stone Mountain, GA 30083

Price:
$629,000
Gross Leasable Area:
8,500 SF
Price/SF:
$74
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Community Center
Specialty Center
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
10.50%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2002
Lot Size:
0.84 AC
Tax ID / APN #:
18-0126-17-008
Parking Ratio:
6 / 1,000 SF
Find Out More...

Last Verified 11/6/2009 Listing ID 16211366

Highlights

Corner Lot with high visibility (225' on Memorial Drive)
Below-Market Rents
Located near a landmark State Park Tourist Attraction

Five-mile population of over 208,000
Average household income over $78,000

Description

This is a bank owned property. Old Depot Village is an 8,500 square foot retail center located within the Atlanta MSA approximately 20 miles east, with frontage on Memorial Drive in Stone Mountain. This property represents an excellent opportunity to acquire a well located strip center on a corner lot and below market rents. The underwriting presented in this offering uses the current tenant income stream with an allowance for a management fee, and reserves.

The center is located in an area with above average demographics with an average household income of over $72,000 within five miles and a five-mile population of over 208,000 people. Old Depot Village also benefits from its proximity to Stone Mountain Park. Stone Mountain Park is a 3,200+ acre state park surrounding Stone Mountain, a 825 feet tall, 583 acre exposed granite monolith which features a carving of three Confederate heroes of the Civil War.

Map of 6670 Memorial Dr, Stone Mountain, GA 30083 (Dekalb County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Tim Giambrone (678) 808-2731

Alvin Lino (678) 808-2808

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Created 4/28/2009

Additional Information for 6670 James B Rivers Drive, Stone Mountain, GA 30083

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 6670 Memorial Dr, Stone Mountain, GA 30083

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Westgate Shopping Center
$895,000
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East Mont
$8.00/SF/Year
63,080 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Old Depot Village (Bank OREO)

6670 Memorial Dr, Stone Mountain, GA, 30083