2284 Lawrenceville HwyDecatur, GA 30033
- Retail properties
- 1,530 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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