2982 S Rainbow Dr | Decatur, GA 30034
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2982 S Rainbow Dr
Decatur, GA 30034
Land For Sale · 6.62 AC
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 | $3,700,000 | Lot Size | 6.62 AC |
| Price Per AC | $558,912 |
| Price | $3,700,000 |
| Price Per AC | $558,912 |
| Lot Size | 6.62 AC |
C1 - Raw level land Zoned C1
PROPERTY TAXES
| Parcel Number | 15-121-06-005 | Improvements Assessment | $61,547 |
| Land Assessment | $218,213 | Total Assessment | $279,760 |
PROPERTY TAXES
Parcel Number
15-121-06-005
Land Assessment
$218,213
Improvements Assessment
$61,547
Total Assessment
$279,760
zoning
| Zoning Code | C1 (Commercial) |
| C1 (Commercial) |
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