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    223 Dominick St Rome, NY 13440

    Sponsored
    For Sale
    $250,000

    Mixed-Use Building: Retail, Office, Residential

    Property size:
    7,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a versatile 7,820 square foot commercial property situated on a 0.11-acre lot at 223 W Dominick St, Rome, NY. The property's prime location in a high-traffic area ensures excellent visibility and accessibility for businesses. The ground floor comprises two generously sized commercial spaces, perfectly suited for a variety of uses including retail, office spaces, or service-oriented businesses. The adaptable nature of these spaces allows for customization to meet the specific needs of prospective tenants. Adding to the property's appeal are two upstairs residential units, each featuring two bedrooms. These units offer significant potential for rental income, providing a valuable supplemental revenue stream. The dual-purpose design of this property, combining commercial and residential spaces, presents a unique opportunity for investors seeking a diversified income portfolio. The asking price for this remarkable property is $250,000. This presents a compelling investment opportunity in a thriving area, offering strong potential for both immediate and long-term returns. The property's strategic location and flexible layout make it an ideal choice for investors seeking a high-yield asset with significant upside potential. Don't miss this chance to acquire a truly unique and profitable commercial property in the heart of Rome, NY.

    Property Features for 223 Dominick St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,820 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.46069
    Latitude
    43.21186

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-Use Building: Retail, Office, Residential
    Where is this commercial real estate located?
    The property is located at 223 Dominick St Rome, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    (315) 709-4355
    Request Owner's contact information
    223 Dominick St Rome, NY 13440
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    Rome, NY 13440
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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
    223 Dominick St Rome, NY 13440
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