2284 Lawrenceville HwyDecatur, GA 30033

  • Retail properties
  • 1,530 SF
For Sale
$800,000 View listing

Property Details for 2284 Lawrenceville Hwy

Year built
1983
Lot size
0.45 AC
Property size (Sq ft)
1,530 SF
Zone code
C1
Property type
Retail properties
Property subtype
Auto shops
APN
18 116 01 001
APU
1811601001

Description

This exceptional commercial property presents a lucrative investment opportunity in the thriving Decatur, GA market. Located at 2284 Lawrenceville Highway, this .4-acre site boasts two buildings and ample parking, currently occupied by a long-term tenant operating an auto garage under a month-to-month lease. The property's strategic location offers significant advantages. It's situated directly across the street from a Home Depot, ensuring high visibility and convenient access for customers. Furthermore, its proximity to the former North DeKalb Mall, now undergoing a complete transformation into the Lulah Hills diversified town center, promises substantial future growth and increased property value. The C1 zoning provides flexibility for a variety of commercial uses, making this property ideal for both seasoned investors and those seeking a strong foothold in the Decatur commercial real estate market. The existing auto garage tenant provides immediate cash flow, while the property's prime location and development potential offer significant long-term upside. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly evolving area. The substantial parking area caters to the needs of a busy commercial operation, adding to the property's overall appeal and functionality. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $483,251
    6.5%
    $446,077
    7%
    $414,215
  • Comparable approach

    Method
    Valuation
    Relative Method
    $752,073
    Geo Method
    $752,073
  • Alternative Use

    Use
    Valuation
    Residential
    $376,283
    Hospitality
    $344,673
    Educational
    $286,764
    Medical
    $296,626
    Retail
    $446,077
2284 Lawrenceville Hwy, Decatur, Georgia

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.8142
Longitude
-84.2703
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,649
$94,080
$25,080
$119,160
-
$235,200
$62,700
$297,900

FAQs

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