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For sale

$1,500,000

Price cut $500,000

Est. monthly cost

$8,298/mo

1550 Fairlake Drive, Decatur, GA 30034

Listing by HomeSmart

Beds
—
Baths
—
Sq ft
12,111
Lot
—

About this property

Prime Commercial Opportunity - Versatile 9-Bay Garage & Business Space Prime commercial opportunity featuring a versatile nine-bay garage, with each bay approximately 14 feet, providing exceptional flexibility for a variety of business operations. The property includes a separate guard house (12X14) gated office (24X24) with bathroom, client waiting room with bathroom (14X12) and additional open space that can be utilized for events, meetings, gatherings, storage, or other business purposes (40X21) additional client waiting room (12X10) a Vault (25X9) and a motor storage (11X12). The multiple garage bays are well-suited for automotive services, repair operations, equipment or vehicle storage, workshops, service businesses, and other commercial uses. The dedicated office provides convenient administrative space, while the additional open area creates potential for meetings, events, or additional income-generating opportunities. The property is equipped with three split HVAC systems providing heating and cooling throughout the space. Investment income is already in place, with three of the nine bays currently leased at $1,500 per month, providing $4,500 in current monthly rental income and $54,000 annually from those three bays. With multiple potential uses, existing rental income, and ample space to accommodate a growing business, this is a unique commercial property offering flexibility, functionality, and investment potential. SELLER WILL CONSIDER OWNER FINANCING.

Type
Commercial,Mixed Use,Office,Warehouse
Year built
2000
Price per sq ft
$124
Garage
—
Property tax (2025)
$1,908/yr
Listed
—
MLS #
10844989

Features

Heating

Central · Electric

Cooling

Central Air · Electric

Flooring

Concrete

Lot

Interior Lot · Level · Near Public Transit

Property details

Interior

Accessibility:
Accessible Doors, Accessible Entrance
Security:
Building Security, Closed Circuit Camera(s), Security Gate

Exterior and lot

Fencing:
Chain Link, Fenced, Privacy, Security
Other structures:
Garage(s), Workshop
Road frontage:
Easement
Road surface:
Gravel, Paved

Construction

Construction materials:
Aluminum Siding, Concrete, Frame
Roof:
Metal
Property condition:
Resale

Utilities

Sewer:
Septic Tank
Water source:
Public
Electric:
220 Volts, Generator
Utilities:
Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available

Parking

Parking total:
50
Parking features:
Paved, Secured, Parking Lot

Taxes and financial

Annual tax amount:
$1,908 (2025)
Listing terms:
Cash, Conventional
Special listing conditions:
Investor Owned

Monthly cost

Estimated monthly cost

$8,298/mo

Principal & interest
$7,389
Property taxes
$159
Home insurance
$750

$300,000

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Oct 9, 2026Listed for sale$2,000,000

Location

Listing information

Listing office:
HomeSmart
Listing ID:
10844989
Status:
For sale

Source: Georgia MLS · Updated 9m ago · Nov 10, 2026, 12:45 AM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 10, 2026, 12:45 AM ET

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