This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2986 S Rainbow Dr
Decatur, GA 30034
Proposed 71-Unit Housing / Office Development · Land For Sale
·
1.74 AC

PROPERTY FACTS
DESCRIPTION
Platinum Access, LLC is proud to present a prime development opportunity located at 2983 Rainbow Drive in Decatur, GA. This strategically positioned property is zoned C-1 Commercial and lies within both the I-20 Overlay District and a Designated Enterprise Zone, offering a robust package of tax incentives and favorable regulatory support for developers. Project Highlights This LIHTC-approved site is ideally suited for a 71-unit Mixed-Use Housing & Office Development, designed to meet the growing demand for affordable and workforce housing while incorporating community-serving office space. • Proposed Development Features: • 33 Studio Units • 26 One-Bedroom Units • 12 Two-Bedroom Units • 8 Professional Office Suites • Two-Level Underground Parking with 81 Spaces • All Utilities Available • Located in the SBA HUBZone and along the ART Transit Corridor Incentives & Designations • Enterprise Zone Program – Offers potential exemptions from county and state ad valorem property taxes for qualifying uses. • I-20 Overlay District – Provides additional development flexibility. • HUBZone Location – May qualify for federal contracting advantages. • Transit-Oriented Site – Close proximity to public transportation. Next Steps for Developers and Investors If you’re conducting due diligence or require formal confirmation of site benefits: • Access the Enterprise GIS and Overlay District maps via DeKalb County’s Planning & Sustainability GIS portal • Contact the Office of Economic Development at 404-687-2730 for eligibility and tax exemption verification
PROPERTY TAXES
| Parcel Number | 15-121-06-005 | Improvements Assessment | $70,840 |
| Land Assessment | $260,800 | Total Assessment | $331,640 |
PROPERTY TAXES
Listing ID: 34082796
Date on Market: 12/4/2024
Last Updated:
Address: 2986 S Rainbow Dr, Decatur, GA 30034
The Panthersville Land Property at 2986 S Rainbow Dr, Decatur, GA 30034 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
LAND PROPERTIES IN NEARBY NEIGHBORHOODS
- Southeast DeKalb Residential Land & Home Lots
- South Atlanta Residential Land & Home Lots
- Eastside Atlanta Residential Land & Home Lots
- Midtown Atlanta Residential Land & Home Lots
- Downtown Atlanta Residential Land & Home Lots
- Belvedere Park Residential Land & Home Lots
- Southeast Atlanta Residential Land & Home Lots
- Peoplestown Residential Land & Home Lots
- Vine City Residential Land & Home Lots
- Chosewood Park Residential Land & Home Lots
- Old Fourth Ward Residential Land & Home Lots
- Candler-McAfee Residential Land & Home Lots
- Lindridge-Martin Manor Residential Land & Home Lots
- Castleberry Hill Residential Land & Home Lots
- Panthersville Residential Land & Home Lots
NEARBY LISTINGS
- 4191 Mercer Rd, Decatur GA
- 4102 Bouldercrest Rd, Ellenwood GA
- 3454 Bouldercrest Rd, Conley GA
- 3701 Flat Shoals Rd, Decatur GA
- 3855 Panthersville Rd, Ellenwood GA
- 1853 Stanton St, Decatur GA
- 3300 Woodstock Rd SE, Atlanta GA
- 3750 Greentree Dr, Decatur GA
- 3263 Berkshire, Decatur GA
- 2043 Columbia Dr, Decatur GA
- 4446 Glenwood Rd, Decatur GA
- 4226 Glenwood Rd, Decatur GA
- 111 Church St, Decatur GA
- 3150 Snapfinger Rd, Decatur GA
