1201 Desoto Ave Rome, GA 30165
This exceptional 8-acre property in Rome, GA, presents a unique multifamily development opportunity. Located at 1201 Desoto Avenue NW, this prime site boasts 10 existing buildings constructed in 1963 and offers unparalleled convenience. Its cul-de-sac location bordering Desoto Ave, Iron St, and Quarry St provides easy access to Atrium Health Floyd Medical Center and AdventHealth Redmond. The property's central location places it minutes from Midtown Crossing, Historic Downtown Rome, major roadways (Shorter Ave, Martha Berry Hwy), and educational institutions like Shorter College and Berry College. Residents will enjoy proximity to numerous recreational amenities including RidgeFerry Park, the Oostanaula Riverwalk, and various sports facilities. This location offers walkability to shopping, dining, and other city conveniences. The property's size and strategic location make it ideal for redevelopment or expansion, presenting a rare investment opportunity in a thriving Georgia city. The asking price is $4,500,000. The property's zoning and potential uses should be verified independently.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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