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    26 Morningside Dr Hiram, GA 30141

    For Sale
    $450,000

    Three-building property, 1.94 acres, $450,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial opportunity presents a unique three-building property situated on a prime 1.94-acre corner lot in Hiram, Georgia. Located at 26 Morningside Drive, zip code 30141, this property boasts a strategic location with excellent visibility and accessibility. Currently zoned B-2, the property offers flexibility for a variety of commercial uses, including bar, medical office, or restaurant. While currently featuring a three-bedroom home (permitted for residential use), the property's zoning and location make it ideal for conversion to office or retail space. The property benefits from existing curb cuts at a new traffic light on Morningside Drive, enhancing accessibility. Furthermore, the ongoing expansion of Highway 92 to four lanes, connecting to I-20, promises increased traffic flow and visibility. Road frontage has already been acquired. This property's location is further enhanced by its proximity to major developments, including the new Greystone Power Headquarters and Hiram's Bill Carruth Parkway, situated to the north and south on Highway 92. Built in 1935, this property presents a compelling investment opportunity in a rapidly growing area. Note that a zoning refresh may be required to fully realize the property's commercial potential. This is a rare chance to acquire a multi-building property in a high-traffic area with significant future growth potential.

    Property Features for 26 Morningside Dr

    General Information

    Property type
    Restaurants
    Lot Size
    84,506 SF

    Building Details

    Year Built
    1935
    Buildings
    3

    HighLights

    • Prime 1.94‑acre corner lot in Hiram, GA (30141) at 26 Morningside Drive.
    • B‑2 zoning allows for diverse commercial uses (bar, medical, restaurant).
    • Excellent visibility and accessibility; existing curb cuts at a new traffic light.
    • Highway 92 expansion to four lanes (connecting to I‑20) will increase traffic flow.
    • Proximity to Greystone Power Headquarters and Bill Carruth Parkway.
    • Three‑building property, built in 1935, with potential for conversion to office or retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hiram
    County
    Paulding - GA
    State
    Georgia
    Longitude
    -84.7555814
    Latitude
    33.8510451

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    FAQs

    What type of property is this?
    Restaurant - Three-building property, 1.94 acres, $450,000.
    Where is this restaurant located?
    The property is located at 26 Morningside Dr Hiram, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime 1.94-acre corner lot in Hiram, GA (30141) at 26 Morningside Drive.; B-2 zoning allows for diverse commercial uses (bar, medical, restaurant).; Excellent visibility and accessibility; existing curb cuts at a new traffic light.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26 Morningside Dr Hiram, GA 30141
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