2978 Rainbow Drive Decatur, GA ^$ 750,000

2978 Rainbow Drive

^$ 750,000

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2978 Rainbow Drive

Decatur, GA, 30034

^$ 750,000

Studio Baths0.0 Sq 5,100

Monthly Estimate*

^$ 4,985

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Studio

Commercial Property for sale in Decatur, GA

for $750,000. This 5,100 square foot building was built in 1979 on a lot size of 0.8.

Excellent investment opportunity highly visible fully occupied shopping center. Leased, long term tenants with long term leases. This commercial property is located in a busy commercial area. Close proximity to I-285 and I-20 Interstate. Property Facts - Building 5,100 square feet. Lot size .80, plenty of parking. This investment commercial property has two retail stores and Tire /Service repair shop. All two business are long term tenants with long term leases.

Commercial Active

Price

^$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,536

Style

Retail

Lot Size

0.8

Year Built

1979

Town/City

Decatur

County/Region

Dekalb

MLS | Web ID

7309882

Features

General

Interior Features Restrooms

Sewer Public Sewer

Heating Other

Cooling Central Air Separate Meters

Utilities Electricity Available Phone Available Sewer Available Water Available

Possession Close Of Escrow

Roof Flat

Zoning C1

Security Features Fire Alarm Fire Sprinkler System

Construction Materials Block Brick 4 Sides

Year Built 1979

Electric Other

View City

Levels One

Property SubType Retail

Tax Year 2021

Gross Income 65400

Business Type Auto Service Professional/Office Retail

Waterfront Features N

Community Features Street Lights

Accessibility None

County Dekalb - GA

Net Operating Income 55270

Operating Expense 10130

Property Type Commercial Sale

HOA / Comm Assn No

Energy Efficient None

Green Energy Generation None

Other Structures None

Status Active

Directions From I-285 Go EAST towards Augusta Greenville. Take Exit 46 onto I-20 WEST towards Ralph D. Abernathy freeway Atlanta. Take Exit 65 onto Candler Road SR-155 Toward Decatur. Turn Left onto Rainbow Dri

City Decatur

Body of Water None

Street Name Rainbow

Property Attached Y/N No

Tax Annual Amount 7536

Home Warranty Y/N No

Property Condition Resale

Days on Market 163

Standard Status Active

Occupancy Type Tenant

Tax Lot 0

Cap Rate 7.9

Legal Description 0

Interior

Basement None

Flooring Ceramic Tile

Window Features Display Window(s)

Total Baths 0

Exterior

Fencing None

Parking Features Parking Lot

Lot Features Level Shopping Center

Water Source Public

Total Parking 15

Foundation Details Slab

Number of Buildings 1

Building Area Total 5100

Lot Dimensions 219x158

Street Suffix Drive

Lot Size Acres 0.8

Road Surface Type Asphalt

Lot Size Source Other

Road Frontage Type City Street

Other Equipment None

Internal Only

Street Number 1 2978

* Excluded Features

List By

Adriane Dragomirescu

Listing Agent

Bhgre Metro Brokers

Broker

adriane.drago@metrobrokers.com

Affordability Calculator

$5,613

Per Month

Monthly Principal & Interest: $4,985
Monthly Property Taxes: $628
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Decatur, GA

Average List Price ^$884,225

Percent of Sale Price 18%

About Decatur, GA

22,020 Population

18% Since 2002

^$90,093 Median Income

40.1 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1928881 Elementary School

1929148 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/2/2023	$750,000		Listed Price

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2978 Rainbow Drive, Decatur, GA, 30034 is a Commercial Property for sale at $750,000 with 5,100 sqft and a lot size of 0.8. 2978 Rainbow Drive is a studio with 0.0 baths and was built in 1979. The property's zip code is 30034 which is in Decatur, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Market Pricing and get the Facts about - are provided by On-Board Data Systems

Techinical Entity for providing IDX functionality is Weichert Lead Network - wlnhelp@wlninc.com

Data is updated as of 6/8/2024.

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2978 Rainbow Drive

Commercial Property for sale in Decatur, GA

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