Property profile

001 Bill Carruth Pkwy Hiram, GA 30141

OFF-MARKET
Land
7.91 ac lot Built 1800
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Property summary

AI-generated overview

This exceptional 7.91-acre commercial land parcel presents a remarkable investment opportunity in Hiram, Georgia. Located at 001 Bill Carruth Parkway, this property boasts approximately 700 feet of frontage on Bill Carruth Parkway (W. Hiram By-Pass) and limited access from Nebo Road. Currently zoned R-2 within the city limits of Hiram, this tract offers significant potential. Its strategic location is enhanced by its proximity to the Silver Comet Industrial Park, a master-planned 128-acre industrial park featuring a recently leased 367,000 square foot building occupied by Automann Inc., a major aftermarket truck parts distributor. This development is expected to bring hundreds of jobs to the area. The property benefits from all utilities being on-site, and its adjacency to parcels zoned B-1 and B-2 across the Parkway, and the possibility of assemblage with neighboring properties to the west, adding approximately 3 or more acres and extending frontage on Nebo Road, further enhances its value. The property's location is highly convenient, less than 3 miles southeast of Wellstar Paulding Hospital, 1.5 miles from four-lane Highway 92, and 10 miles from I-20 Douglasville Exit. The combination of excellent location, incredible visibility, and on-site utilities makes this tract an unparalleled opportunity for development. The asking price is $1,600,000. Built in 1800, the property currently has no buildings.

Property profile

Verified
Property type Land
Year built 1800
Lot 7.91 ac (344,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

001 Bill Carruth Pkwy Hiram, GA 30141
Hiram metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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