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2982 S Rainbow Dr
Decatur, GA 30034

Land For Sale · 6.62 AC

Residential Land & Home Lots Georgia Decatur 2982 S Rainbow Dr, Decatur, GA 30034

Investment Highlights

  • Surrounded by shopping and restaurants
  • Department of Driver Services & Porter Sandford III Performing Arts & Community Center
  • Minutes to South Dekalb Mall, Georgia

Executive Summary

Platinum Access, LLC has an exciting development opportunity at 2986 South Rainbow Drive, Decatur, GA 30034. The property being zoned C-1 and situated in the I-20 Overlay District and Enterprise Zone suggests a favorable environment for development, with potential benefits such as exemptions from county and state real property ad valorem taxes for qualifying businesses and service enterprises. The focus on a Low Income or Active Over 65 Senior Housing Development aligns with the growing demand for such facilities, given the aging population. The proposed 74-unit development indicates a substantial project that could cater to the needs of seniors in the area. If you have any specific questions or if there’s more information you’d like to know about this development, feel free to provide additional details, and I’ll do my best to assist you

PROPERTY FACTS

Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 6.62 AC
Property Type Land
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 6.62 AC

1 Lot Available

Lot

Price $5,266,950 CAD Lot Size 6.62 AC
Price Per AC $795,612 CAD
Price $5,266,950 CAD
Price Per AC $795,612 CAD
Lot Size 6.62 AC

C1 - Raw level land Zoned C1

PROPERTY TAXES

Parcel Number 15-121-06-005 Improvements Assessment $86,608 CAD
Land Assessment $307,065 CAD Total Assessment $393,673 CAD

PROPERTY TAXES

Parcel Number
15-121-06-005
Land Assessment
$307,065 CAD
Improvements Assessment
$86,608 CAD
Total Assessment
$393,673 CAD

zoning

Zoning Code C1 (Commercial)
C1 (Commercial)
 

  • Listing ID: 34082796

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 2982 S Rainbow Dr, Decatur, GA 30034

The Land Property at 2982 S Rainbow Dr, Decatur, GA 30034 is currently available for sale. Contact Platinum Access for more information.

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