Decatur Commercial Building on Columbia
1272 Columbia Drive, Decatur, GA 30032
Freestanding commercial building with excellent visibility and flexible interior.
Type:Commercial
Property size:
7,193 SFLot size:
1.27 AcresPrice / SF:
$180/SF- Added:
- Dec 17, 2025
- Days on Market:
- 162
- Last Refresh:
- May 11 at 12:02 am
Property Features for 1272 Columbia Drive
General Information
- Standard status
- Active
- Size
- 7,193 SF
- Lot size
- 1.27 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agent Torrence Ford License #289924
Listing office Real Broker, LLC (678) 613-5211
Listing date Dec 17, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
HighLights
- $100k Grant Available for Interior/Exterior Build‑out.
- $3500 per year per job creation to offset corporate tax or payroll liability.
- Freestanding commercial building with excellent street visibility and on‑site parking (36 spaces).
- Flexible interior layout suitable for various uses.
- Solidly constructed former Bank of America branch with strong infrastructure.
- Strategic location on Columbia Drive in Decatur with convenient access to neighborhoods and amenities.
Overview
Located along the well-traveled Columbia Drive corridor in Decatur, this solidly constructed former Bank of America branch offers excellent street visibility and on-site parking. The freestanding commercial building features a flexible interior layout suitable for owner-operators or investors. Originally designed for financial services and later adapted for specialized commercial use as a funeral home, the property lends itself to a wide range of potential uses, including professional offices, medical or dental practices, wellness or counseling centers, churches, non-profits, or community-focused organizations, subject to zoning and approvals. The structure offers strong infrastructure and the ability to reconfigure interior spaces to meet modern business needs. Convenient access to surrounding neighborhoods, major thoroughfares, and nearby amenities enhances long-term value and usability. The building, zoned as OI, covers a total of 7193 square feet on a 55757 square foot lot (1.28 acres). The one-story building includes 36 parking spaces. It is located in the Avondale Columbia Drive TAD Opportunity Zone, offering potential access to a $100,000 grant for interior or exterior build-out, and $3,500 per year per job created (minimum of 2 jobs) to offset corporate tax or payroll liability for for-profit companies. The property is also suitable for a wedding venue.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.28M
NOI $115,594 @ 9.00% cap · cautious / downside scenario
Moderate
$1.65M
NOI $115,594 @ 7.00% cap · market / base-case scenario
Aggressive
$2.31M
NOI $115,594 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.7k | $23.04 |
| − Vacancy | −$11.6k | −$1.61 |
| EGI | $154.1k | $21.43 |
| − OpEx | −$38.5k | −$5.36 |
| NOI | $115.6k | $16.07 |
7,193 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.65M
$1.44M – $1.93M
NOI $115,594 @ 7.0% cap · market cap 8.90%
Second Best
Healthcare Medical
$1.49M
$1.30M – $1.74M
NOI $104,291 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,750 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Belvedere Park Cash ...
Car Dealership
PHS Electrical Heating ...
Big Box & Wholesale Store
Bank of America Financial ...
Bank
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.2654
- Latitude
- 33.7526
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Freestanding commercial building with excellent visibility and flexible interior.
Where is this bank located?
The property is located at 1272 Columbia Drive Decatur, GA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: $100k Grant Available for Interior/Exterior Build‑out.; $3500 per year per job creation to offset corporate tax or payroll liability.; Freestanding commercial building with excellent street visibility and on‑site parking (36 spaces).
