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2986 S Rainbow Dr
Decatur, GA 30034
Proposed 71-Unit Housing / Office Development · Land For Sale · 1.74 AC

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
Total Lot Size 1.74 AC
No. Stories 1
Zoning C1 - Commercial

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

PROPERTY TAXES

Parcel Number
15-121-06-005
Land Assessment
$260,800
Improvements Assessment
$70,840
Total Assessment
$331,640
  • Listing ID: 34082796

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 2986 S Rainbow Dr, Decatur, GA 30034

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