1065 Columbia DrDecatur, GA 30030

Property Details for 1065 Columbia Dr

Year built

1964

Construction

WOOD FRAME

Lot size

0.01 AC

Property size (Sq ft)

13,300 SF

Zone code

RM75

Property type

Strip malls

Property subtype

Neighborhood centers

APN

15 217 02 012

APU

1521702012

Description

This Decatur, Georgia retail property, known as Columbia Shoppes, offers 1,000 square feet of immediately available space within a 13,000-square-foot shopping center located at 1065 Columbia Drive, Decatur, GA 30030. The property, built in 1964 and renovated in 2004, is situated on a 2.1-acre lot and features a single, one-story building with 70 parking spaces. The space is part of a multi-tenant shopping center, zoned C-1 for commercial retail and medical uses (with limited restaurant options). The property boasts excellent visibility at a regional retail trading intersection, with high traffic counts on Columbia Drive (19,610 cars daily) and Memorial Drive (26,000 cars daily). The minimum divisible space is 1,000 square feet, with a maximum contiguous space also of 1,000 square feet. The building's floor area ratio (FAR) is 0.14. The property is located in the Decatur/East Atlanta submarket, within the Dekalb cluster, and has a cross street of Memorial Drive. The asking rent is $18.00 per square foot, plus $3.75 per square foot in NNN charges. The property's APN is 15-210-02-012.

• CAP approach

  CAP return

  Valuation

  6%

  $4,200,806

  6.5%

  $3,877,666

  7%

  $3,600,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,537,631

  Geo Method

  $6,537,631

• Alternative Use

  Use

  Valuation

  Residential

  $3,270,957

  Hospitality

  $2,996,179

  Educational

  $2,492,786

  Medical

  $2,578,516

  Retail

  $3,877,666

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.756

Longitude

-84.2705

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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