2978 Rainbow Dr

2978 Rainbow Dr, Decatur, GA 30034

Property Information

  • For Sale $800,000
  • Property Type Retail - Street Retail
  • Property Size 5,100 SF
  • Units 3
  • Lot Size 0.8 Acre
  • Parking Spaces Avail. 20
  • Parking Ratio 4.17 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1979
  • Date Updated Oct 22, 2026

Description

Strategically located in Southeast Atlanta's established retail corridor, this property offers convenient access to surrounding residential neighborhoods, commercial businesses, and major transportation routes. The location benefits from an established consumer base, connectivity to the greater Atlanta metropolitan area, and proximity to everyday shopping, dining, and neighborhood services. Positioned within a mature commercial market, the property presents an attractive opportunity for retail investors and service-oriented businesses seeking a presence in Southeast Atlanta.Freestanding retail investment opportunity at 2978 Rainbow Drive featuring a 5,100 SF, three-unit retail building that is currently 100% occupied. Built in 1979, the property offers an established neighborhood retail format with in-place tenancy and immediate income for an investor. The single-story building is zoned C-1 and benefits from surface parking, approximately 162 feet of frontage on Rainbow Drive, direct curb-cut access, and prominent pylon signage. The property is also located less than ½ mile from I-20 at Candler Road, providing convenient access throughout DeKalb County and Metro Atlanta. Positioned within the SE Atlanta retail submarket, the property is surrounded by established residential neighborhoods and neighborhood-serving commercial uses, supporting its appeal as a well-located infill retail investment.

Highlights

  • 100% occupied
  • 5,100 SF, three-unit retail building
  • Approximately 162 feet of frontage on Rainbow Drive
  • C-1 zoning
  • CAP - 7.84%
  • Immediate income with long-term investment potential
  • Less than mile to I-20 at Candler Road
  • NOI - $62,713
  • Strong visibility with prominent pylon signage

Contacts

Location

Located at 2978 Rainbow Dr, Decatur, GA 30034, this property is part of the Rainbow Estates neighborhood and Atlanta market.

Contact Listing Broker
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