2284 Lawrenceville HwyDecatur, GA 30033

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

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.

• 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

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