2219 Shorter Ave Rome, GA 30165
- Commercial real estate
- 3,368 SF
- 1.09 lot acres
Current Use by Public Records
- Wells Fargo ATM / Atm
Property Details for 2219 Shorter Ave
- Year built
- 1971
- Construction
- WOOD
- Lot size
- 1.09 lot acres
- Property size
- 3,368 SF
- Zone code
- C-C
- Property type
- Commercial real estate
- APN
- H13W- -398 -
- APU
- H13W398
Description
This exceptional redevelopment opportunity presents a former Wells Fargo bank branch located at 2219 Shorter Ave, Rome, GA 30165. The property boasts 142 feet of frontage on Shorter Avenue (28,200 ADT) and Redmond Circle (17,100 ADT), offering multiple points of ingress and egress. Situated on approximately one acre of land, this location benefits from high visibility and accessibility. The surrounding area features a robust retail environment, including prominent national brands such as Walmart, Sam's Club, Lowe's, Starbucks, Dunkin' Donuts, Planet Fitness, McDonald's, and Zaxby's, indicating strong consumer traffic and established market demand. This property is ideal for a variety of uses, including quick-service restaurants (QSR), retail storefronts, or other commercial ventures. The property is available for lease at $125,000 annually or for sale at $1,700,000. This presents a unique chance to capitalize on a prime location in a thriving market within Floyd County. The property's size and location make it an attractive investment for those seeking high-traffic exposure and redevelopment potential. The existing structure provides a solid foundation for a variety of commercial uses, offering significant upside potential for the right buyer or tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $995,000
- 6.5%
- $1,035,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,160,000
- Geo Method
- $1,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $990,000
- Retail
- $1,290,000
- Mixed-Use
- $1,080,000
- Hospitality
- $1,150,000
- Educational
- $1,110,000
- Residential Income
- $1,135,000
- Energy
- $1,005,000
- Income-Based Land
- $1,160,000
- Food Service
- $1,000,000
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.2294
- Latitude
- 34.2709
- CBSA code
- 40660
- CBSA name
- ROME, GA METROPOLITAN STATISTICAL AREA