5561 Memorial Dr, Stone Mountain, GA 30083
RETAIL For SaleYear Built: 1975
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Village Square Value Add | Redevelopment Opportunity | SALE | $5,500,000.00 |
Robert M Zeff - Insignia Realty LLC
PHONE: 6782456226
Village Square Shopping Center, located in the heart of Stone Mountain, in the DeKalb County retail sub-market of Atlanta. Village Square is 116,968 SF. neighborhood retail center situated on 13.172 acres. A value-add through lease-up of vacant space and a potential out-parcel. Lease up of vacant spaces available for immediate occupancy at competitive rents. The emission center offers another great opportunity for an out-parcel for a quick-service restaurant. Asset is being offered at a significant discount to replacement cost; however, the asset will require significant capital to make it rent ready. This strategic location offers a great opportunity for investors and developers a unique chance to revitalize and transform the property into a thriving residential or other use redevelopment, capitalizing on the area's growth potential. The property enjoys easy ingress and egress due to a curb cut on Memorial Drive, as well as one at Village Square Drive. The property is located at a high traffic count intersection with 64,000+/- cars per day along Memorial Drive, the dominant commercial corridor of DeKalb County. Village Square is priced for a quick sell at a significant discount to replacement cost and is not being offered based on a CAP rate or subject to financing. The asset is not being offered for sell subject to approval of any zoning for redevelopment purposes. Ownership is seeking qualified buyer for a quick closing.