32 Azalea Dr Hiram, GA 30141
This exceptional 3.83-acre mixed-use property in Hiram, GA, presents a unique investment opportunity. Located at 32 Azalea Drive, the site is zoned for both retail and self-storage development, offering significant flexibility for investors. The property is currently listed at $1,350,000 for the combined retail and self-storage components. Alternatively, the retail portion can be purchased separately for $500,000, while the self-storage portion is available for $1,000,000. The combined purchase allows for the sharing of a retention pond, a significant cost savings. The retail space offers a potential build-out ranging from 19,000 to 22,000 square feet, while the self-storage component could provide up to 80,000 square feet of usable (rentable) space. Access to the property will be via Azalea Drive, which will require improvements to meet county specifications. The existing 1,411 square foot building is not included in the square footage of the potential build-out. Seller financing is available, making this an attractive proposition for qualified buyers. Computer renderings are available to illustrate the potential development possibilities. This property offers a compelling blend of potential income streams and development upside in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.