2978 Rainbow Drive Decatur GA 30034, MLS# 351317908
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Decatur, GA 30034
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1979Year Built
- 0.80Acres
- MLS# 351317908
- Commercial
- Retail
- Active
- Approx Time on Market11 months, 13 days
- AreaN/A
- CountyDekalb - GA
- Subdivision N/A
Overview
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.
Association Fees / Info
Hoa: No
Bathroom Info
Building Info
Habitable Residence: No
Business Info
Equipment: None
Number of Buildings: 1
Exterior Features
Fence: None
Road Surface Type: Asphalt
Pool Private: No
County: Dekalb - GA
Acres: 0.80
Fees / Restrictions
Listing Terms: Cash,Conventional,Lease Purchase,Other
Financial
Original Price: $750,000
Operating Expense: 10130
Net Operating Income: 55,270
Owner Financing: No
Owner Pays: Taxes
Documents Available: Lease, Prof/Loss
Cap Rate: 7.9
Gross Income: 65,400
Garage / Parking
Parking Features: Parking Lot
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Fire Alarm, Fire Sprinkler System
Levels: One
Interior Features: Restrooms
Flooring: Ceramic Tile
Lot Info
Lot Size Source: Other
Zoning: C1
Lot Features: Level, Shopping Center
Lot Size: 219x158
Misc
Property Attached: No
Home Warranty: No
Other
Other Structures: None
Property Info
Construction Materials: Block, Brick 4 Sides
Year Built: 1,979
Property Condition: Resale
Roof: Flat
Property Type: Commercial Sale
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Investor Owned
Sqft Info
Building Area Total: 5100
Tax Info
Tax Amount Annual: 7536
Tax Year: 2,021
Tax Parcel Letter: 15-121-02-008
Unit Info
Utilities / Hvac
Cool System: Central Air, Separate Meters
Electric: Other
Heating: Other
Utilities: Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront / Water
Water Body Name: None
Waterfront Features: None
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 Drive. The property will be on your Left.Listing Provided courtesy of Bhgre Metro Brokers
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