For Sale
$750,000

2978 Rainbow DrDecatur, GA 30034

High-Yield Investment, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, 5,100 square foot commercial property situated on a 0.8-acre lot in Decatur, Georgia. The property, built in 1979, boasts a strong 7.90% cap rate, making it an attractive addition to any portfolio. The building houses two thriving businesses: an executive office suite and an auto repair/tire service shop. Both tenants are established, long-term leaseholders, ensuring consistent rental income. The property's strategic location on 2978 Rainbow Drive in Dekalb County (zip code 30034) offers excellent visibility and accessibility, with convenient proximity to major interstates I-285 and I-20. Ample parking is available on the sizable lot. This turnkey investment property requires minimal management and offers a significant return on investment. The property's diverse tenant mix and strong lease agreements provide a stable and reliable income stream. The combination of a high cap rate, long-term leases, and prime location makes this a truly exceptional opportunity for discerning investors seeking a profitable and low-maintenance commercial property in a thriving market. The property is ready for immediate income generation.

Highlights

  • $750,000 asking price.
  • Retail and office property with auto shop and executive office subtypes.
  • 7.90% cap rate.
  • 1979 construction.
  • 0.8-acre lot with 5,100 square feet building.
  • Located in Decatur, GA, near I-285 and I-20.

Property Details for 2978 Rainbow Dr

Property type
Retail properties, Office properties
Year Built
1979
Buildings
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Decatur
County
Dekalb - GA
State
Georgia
Latitude
33.7102288
Longitude
-84.2680479
2978 Rainbow Dr, Decatur, Georgia

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2978 Rainbow Dr
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