215 Clairemont AveDecatur, GA 30030

Property Details for 215 Clairemont Ave

Year built

1984

Construction

WOOD FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,448 SF

Zone code

C2

Property type

Retail space

APN

15 246 04 110

APU

1524604110

Description

This single-story, 5,000 square foot building in Decatur, Georgia, offers a unique blend of retail and office space, ideal for a variety of businesses. Located at 215 Clairemont Ave, this property boasts a prime location in the heart of Downtown Decatur, at the corner of Clairemont Avenue and Commerce Drive, experiencing approximately 20,000 cars daily. The building features three suites, with a vacant space totaling 3,268 square feet. Suite A, a 1,742 square foot space, is currently built out as a medical office, while Suite C offers 1,526 square feet of high-end office space. Minimum divisible space is 1,526 square feet, with a maximum contiguous space of 1,742 square feet. Built in 1984, this property sits on 0.48 acres of land and is zoned C2. Its exceptional location offers a Walk Score of 95, providing easy access to the historic Decatur Square and numerous restaurants and boutiques. Convenient MARTA access ensures easy commuting. The building does not have elevators. This is an exceptional opportunity to establish a presence in a thriving, walkable downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $773,201

  6.5%

  $713,724

  7%

  $662,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,203,317

  Geo Method

  $1,203,317

• Alternative Use

  Use

  Valuation

  Residential

  $602,053

  Hospitality

  $551,477

  Educational

  $458,822

  Medical

  $474,602

  Retail

  $713,724

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7781

Longitude

-84.2962

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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