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$1,500,000 -$500,000 (-25%) Price Reduced

  • For Sale
  • Active
  • Business
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Prime Commercial Opportunity - Versatile 9-Bay Garage & Business Space - Sale includes 1540 Fairlake Drive. & owner will consider Owner financing. Great commercial opportunity featuring a versatile nine-bay garage, with each bay approximately 14 feet high, providing exceptional flexibility for a variety of business operations. The property includes a separate guard house (12x14), gated office (24X24), client waiting room with bathroom (14x12), 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. SELLER WILL CONSIDER OWNER FINANCING. The property is equipped with three split HVAC systems providing heating and cooling throughout the space. Five lifts, less than five years old and two Air Compressors included. 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.

Full Property Details for 1550 Fairlake Dr

General

  • Price: $1,500,000
  • Taxes: $1,908 (2025)
  • Status: Active
  • Type: Business
  • Source: FMLS_Atlanta
  • MLS ID: 7836760
  • Updated: 10/7/2026
  • Added to Site: 28 day(s) ago

Business

  • Business Type: Auto Service
  • Includes: Building & Land, Equipment, Inventory

Interior

  • Interior Features: High Ceilings 10 or Greater, Restrooms
  • Flooring: Brick

Additional Information

  • Security/Safety: Closed Circuit Camera(s), Fire Alarm, Security Gate, Security Lights, Security Service
  • Equipment: Compressor, Generator

Parking

  • Total Spaces: 50
  • Parking Features: Parking Lot

Location

  • County: Dekalb
  • Driving Directions: From I-20 Eastbound Take I-20 East toward Augusta. Take Exit 65 — Candler Road / GA-155. Turn right onto Candler Road (GA-155 South). Continue south toward Flat Shoals Road / Panthersville Road. Turn onto Fairlake Drive. Continue to 1550 Fairlake Drive. The address is in the Panthersville area of Decatur, just inside I-285. From I-20 Westbound Take Exit 65 for Candler Road/GA-155, then follow Candler Road south toward the Fairlake Drive/Panthersville area.

Heating & Cooling

  • Cooling Type: Central Air, Electric
  • Heating Type: Central

Utilities

  • Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Structural Information

  • # Buildings: 9
  • Detached/Attached: Detached
  • Exterior Const.: Aluminum Siding, Frame
  • Basement Desc.: None
  • Roof: Asphalt
  • Windows: Aluminum Frames
  • Loading: Overhead Door
  • Stories/Levels: One
  • Square Feet: 12,111
  • Year Built: 2020
  • Property Condition: New Construction

Additional Structures

  • Other Structures: Outbuilding, Storage - Equipment, Storage - Other

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 0.976
  • Lot Size Source: Owner
  • Lot Dimensions: x
  • Frontage: Easement
  • Street/Road Desc.: Asphalt, Paved
  • Lot Features: Cul-De-Sac
  • Zoning: C2
  • Rcmdd Zoning: Commercial, Office/Warehouse
  • Fencing (Description): Chain Link, Fenced, Privacy

Financial Considerations

  • Tax Amount: $1,908
  • Tax Year: 2025
  • Terms: Cash, Other
  • Owner Pays: All Utilities

Disclosures and Reports

  • Property ID: 15 121 05 005
  • Block: 5
  • Lot Number: 5

Listed by HomeSmart

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— 1550 Fairlake Dr —

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 1550 Fairlake Dr

School District:Dekalb County School District
NameGradesDistance
Flat Shoals Elementary School, Decatur, GA
3226 Flat Shoals Road, Decatur, GA 30034
PK-51 mi
Mcnair Middle School, Decatur, GA
2190 Wallingford Drive, Decatur, GA 30032
6-81.9 mi
Mcnair High School
1804 Bouldercrest Road, Atlanta, GA 30316
9-123.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1550 Fairlake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Price Reduced
$1,500,000
-25%
MLS
9/11/2026
Listed
$2,000,000
952.63%
MLS
10/30/2020
Sold
$190,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1550 Fairlake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,908
—
$40,800
—
2024
$1,912
—
$40,800
—
2023
$1,916
18%
$40,800
20%
2022
$1,621
—
$34,000
—
2021
$1,621
—
$34,000
—
2020
$1,621
—
$34,000
—
2019
$1,621
—
$34,000
—
2017
$1,628
—
$34,000
—
2016
$1,632
-2%
$34,000
—
2014
$1,669
—
$34,000
—
2013
$1,671
—
$34,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Oct 6 2026 10:9PM

1550 Fairlake Drive, Decatur, GA 30034 (MLS# 7836760) is a Business property. 1550 Fairlake Drive is currently listed for $1,500,000 and was received on September 11, 2026. Want to learn more about 1550 Fairlake Drive? Do you have questions about finding other Business real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.

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