Flex Space With Two
For Sale
$429,000
1259 Morrison Moore Pkwy W, Dahlonega, GA 30533
B-2-zoned commercial property with two metal buildings, public utilities, and a gravel drive for flexible business use.
Property Size2,410 SF
Lot Size0.96 Acres
Price / SF$178.01
Days on Market86
Property Features for 1259 Morrison Moore Pkwy W
General Information
Standard status
Active
Size
2,410 SF
Lot size
0.96 Acres
Zoning
B-2
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2023
Buildings
2
Construction
metal
Listing Agency:
Walden & Co. Realty
Listed By:
William Reagin
Source:
Annakintown
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 2:29PM
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 Walden & Co. Realty
Investment Insights
Based on property information with market context.
This flex-space property includes a 0.96-acre level, partially cleared site with two metal buildings measuring 30' x 30' and 30' x 50'. The buildings feature metal roofing and siding, while the property also includes a gravel drive and ample parking. Public water, sewer, and electricity are already in place. B-2 zoning supports a range of commercial and industrial uses identified in the property information, including office, retail, storage, and industrial applications.
The property is located at 1259 Morrison Moore Pkwy W in Dahlonega, directly along Morrison Moore Parkway. It is positioned just outside downtown and near the University of North Georgia, apartments, surrounding development, and college campus activity. Road frontage and exposure along the commercial corridor provide direct street access and visibility.
The site combines two separate structures with existing utility connections and a level layout. The property information also identifies potential for barndominium conversion and further development.
The property is located at 1259 Morrison Moore Pkwy W in Dahlonega, directly along Morrison Moore Parkway. It is positioned just outside downtown and near the University of North Georgia, apartments, surrounding development, and college campus activity. Road frontage and exposure along the commercial corridor provide direct street access and visibility.
The site combines two separate structures with existing utility connections and a level layout. The property information also identifies potential for barndominium conversion and further development.
Key Highlights
- 0.96‑acre level, partially cleared commercial site
- Two metal buildings measuring 30' x 30' and 30' x 50'
- B‑2 zoning for commercial and industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,691
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,820
$353.8K
Cap Rate 7%
$252,729
$252.7K
Cap Rate 9%
$196,567
$196.6K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$22.8K $9.48/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$20.8K $8.64/SF
− OpEx
−$3.1K −$1.30/SF
NOI
$17.7K $7.34/SF
Area
Lumpkin County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,820
Cap Rate 7%
$252,729
Cap Rate 9%
$196,567
Alternative Uses
Best Use
Warehouse
$252.7K
$221.1K – $294.9K
NOI $17,691 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$209.7K
$183.5K – $244.7K
NOI $14,681 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,158 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30533, GA
26,589
Population
11,047
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
242.9 sq mi
ZIP Area
109
Density / Sq Mi
$70,417
Median Household Income
$31,105
Median Earnings
$1,080
Median Rent
$270,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - B-2-zoned commercial property with two metal buildings, public utilities, and a gravel drive for flexible business use.
Where is this flex space located?
The property is located at 1259 Morrison Moore Pkwy W Dahlonega, GA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 0.96‑acre level, partially cleared commercial site; Two metal buildings measuring 30' x 30' and 30' x 50'; B‑2 zoning for commercial and industrial uses
