2978 Rainbow Dr

For Sale

2978 Rainbow Dr, Decatur, GA 30034

This Decatur property for sale is located at 2978 Rainbow Dr. The general use of 2978 Rainbow Dr is retail and it incorporates 5,100 square feet of class C retail space. The current listed sale price for 2978 Rainbow Dr is $800,000. 2978 Rainbow Dr is situated on a lot that is 0.8 acre in size.

Contacts

Willie F. Smith, MRED, CREC

Georgia Properties

Property Details

  • 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 20, 2026
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.
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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

Getting around

  • 68/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Decatur, GA
  • Neighborhood Rainbow Estates
  • Zip Code 30034
  • Market Atlanta

Points of Interest

  • Kensington

    4.42 miles

  • Avondale

    4.56 miles

  • East Lake

    4.59 miles

  • Indian Creek

    4.68 miles

  • Decatur

    4.74 miles

  • Decatur MARTA Swanton Entrance

    4.75 miles

  • Edgewood/Candler Park

    5.46 miles

  • Inman Park/Reynoldstown

    5.86 miles

  • King Memorial

    6.76 miles

  • King Historic District

    6.90 miles

  • Exxon

    0.94 miles

  • Chevron

    1.01 miles

  • Citgo

    1.04 miles

  • Texaco

    1.07 miles

  • QuickTrip

    1.32 miles

  • Shell

    1.65 miles

  • Marathon

    2.41 miles

  • JuiceBox

    5.90 miles

  • eVgo

    7.07 miles

  • ChargePoint

    7.09 miles

  • DFCS parking lot

    4.29 miles

  • West Parking

    4.37 miles

  • DFCS anex parking lot

    4.39 miles

  • Decatur High School - Upper Lot

    4.48 miles

  • Kensington North Park and Ride

    4.50 miles

  • East Lake Park & Ride

    4.55 miles

  • Avondale North Park and Ride

    4.58 miles

  • Indian Creek Park and Ride

    4.59 miles

  • Library Parking

    4.62 miles

  • Church parking

    4.64 miles

  • Dunkin'

    0.18 miles

  • Popeyes

    0.39 miles

  • Wendy's

    0.43 miles

  • McDonald's

    0.46 miles

  • KFC

    0.49 miles

  • Taco Bell

    0.58 miles

  • DQ Grill & Chill

    0.65 miles

  • Burger King

    1.18 miles

  • Supreme Burger

    2.07 miles

  • Krystal

    2.12 miles

  • South DeKalb Mall

    0.41 miles

  • Wayfield Foods

    2.18 miles

  • Walmart Supercenter

    2.67 miles

  • Kroger

    2.90 miles

  • Publix

    2.97 miles

  • ALDI

    3.03 miles

  • Builders

    4.97 miles

  • Target

    5.52 miles

  • Ross

    5.63 miles

  • The Atlanta Dairies

    5.85 miles

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