www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33843704
33843679

323 Stovall Street Southeast, Atlanta, GA 30316

AM
GA 419646
$616,000
2 days on market
Updated 2 days ago

MR-3 Zoned Investment Opportunity

Details
Property Type Mixed Use
Square Footage 2,498
Net Rentable (SqFt) 2,800
Cap Rate 6.18%
NOI $26,400
Occupancy 90%
Tenancy Vacant
Lease Type Net
Pro-Forma Cap Rate 7.40%
Pro-Forma NOI $32,424
Price per SqFt $381
Class A
Year Built 1950
Year Renovated 2025
Acreage 8059.000
Zoning MR-3
Investment Type Value Add
Ground Lease No
Sale Condition N/A

MR-3 Zoned Investment Opportunity | Reynoldstown | BeltLine Area | 2,500 SF

Marketing description

ATTENTION INVESTORS: High-yield MR-3 zoned asset with significant upside potential. This approximately 2,500 SF property sits on an 8,000 SF lot in the heart of Reynoldstown, one of Atlanta's most sought-after growth corridors.

The property's layout and square footage create a compelling opportunity for investors seeking to increase value through strategic improvements. One of the largest rooms offers the potential for a future bathroom addition, creating opportunities to improve functionality and enhance rental appeal.

The location is a major driver of value, positioned just minutes from the Atlanta BeltLine, Downtown Atlanta, major highways, retail, dining, and entertainment.

Investment highlights

✔ MR-3 Zoning

✔ Approx. 2,500 SF Building

✔ Approx. 8,000 SF Lot

✔ Prime Reynoldstown Location

✔ Minutes from Atlanta BeltLine

✔ Value-Add Opportunity

✔ Potential Bathroom Expansion

✔ Co-Living / Shared Housing Potential

✔ Strong Rental Demand Area

✔ Multiple Exit Strategies

✔ Investor-Friendly Asset

Listing Contacts

AM
GA 419646

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,400.00
$2,200.00/mo

Valuation Metrics

0
DSCR
4.29%
Cap Rate
4.29%
ROI

Map

Zoning

Intelligence Badge
MRC-3-C MixedMixed UseMixed Residential And Commercial Conditional Maximum Floor Area Ratio Of 7.2
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 79 uses
View all 79 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Aishah Martin
License
419646
Brokerage
Better homes and gardens real estate metro broker
Brokerage Phone
404-843-2500
Title
Real estate salesperson
Brokerage Address
1215 Eagles Landing Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591