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Property profile & analytics
OFF-MARKET
Specialty properties

1139 Memorial Dr Dallas, GA 30132

30.5 ac lot Built 1800
Property ID
Property summary
AI-generated overview

This exceptional 30.5-acre property presents a unique investment opportunity in Dallas, Georgia. Situated on a major thoroughfare, 1139 W Memorial Drive boasts high visibility and accessibility. The land is strategically divided by Highway 278, offering two distinct parcels. One parcel, encompassing over 14 acres, enjoys stunning views and is nestled between W Memorial Drive and Hwy 278. The second parcel, exceeding 16 acres, provides direct frontage on Hwy 278 and the Silver Comet Trail. Currently zoned R2, the property is well-suited for commercial development, with rezoning anticipated to be straightforward. Annexation into the city is also a possibility. The seller offers flexibility, allowing for the purchase of the entire property or the individual parcels. Furthermore, the seller is open to exploring land lease options. This prime location is surrounded by residential areas, businesses, government offices, and green spaces, creating a vibrant and desirable environment for development. Built in 1800, the property offers a rich history combined with significant future potential. The asking price is $2,165,500.

Property profile
Verified
Property type Specialty properties
Year built 1800
Lot 30.5 ac (1,328,580 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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