2929 Rainbow DrDecatur, GA 30034

  • Industrial properties
  • 5,000 SF
For Sale
$2,200,000 View listing

Property Details for 2929 Rainbow Dr

Year built
1995
Construction
FRAME
Lot size
6.60 AC
Property size (Sq ft)
5,000 SF
Zone code
C2
Property type
Industrial properties
Property subtype
Other warehouses
APN
15 121 06 005
APU
1512106005

Description

This exceptional 6.6-acre industrial land parcel presents a unique investment opportunity in Decatur, Georgia. Located at 2929 S Rainbow Dr, this property offers a 5,500 square foot building, ideal for owner-occupiers or investors seeking high-return potential. The low building coverage ratio of approximately 1.91% on this expansive lot allows for significant future development possibilities. The property's strategic location provides easy access to major transportation arteries, being approximately one mile from both I-20 and I-285 interstates within the Atlanta MSA. This presents a rare opportunity in a thriving East Atlanta submarket, with limited comparable properties available for sale or lease. The asking price is $2,200,000. The property's size and location make it suitable for a wide range of industrial uses, capitalizing on the growing demand for space in this area. The substantial land area offers flexibility for expansion or future development projects, maximizing long-term investment value. This is a prime opportunity to acquire a well-situated industrial property in a dynamic market. The property is zoned for industrial use within DeKalb County, zip code 30034.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,229,683
    Hospitality
    $1,126,383
    Educational
    $937,137
    Medical
    $969,367
    Retail
    $1,457,769
2929 Rainbow Dr, Decatur, Georgia

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.7065
Longitude
-84.2702
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
$21,262
$218,213
$61,547
$279,760
-
$545,532
$153,868
$699,400

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