255 Dominick St Rome, NY 13440
- Investment properties
- 10,764 SF
- 0.52 lot acres
Current Use by Public Records
- Investment properties
Property Details for 255 Dominick St
- Year built
- 1908
- Lot size
- 0.52 lot acres
- Property size
- 10,764 SF
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 301301 242.059-0001-066
- APU
- 3013012420590001066
Description
This exceptional 10,764-square-foot restaurant property in Rome, New York, presents a unique investment opportunity. Located at 255 E Dominick St, this turnkey establishment boasts a rich history and is ready for immediate operation. The building includes a fully equipped commercial kitchen, bar area, multiple dining areas, and private party rooms. Two upstairs apartment units offer potential for additional rental income, which can be divided into two separate units. The 0.67-acre lot provides ample parking. The property's C-1 zoning allows for a variety of uses, including conversion to a multi-tenant building or redevelopment into a different commercial venture. The ground floor offers flexibility for subdivision or complete renovation. Public utilities are readily available. The asking price for this prime commercial property is $750,000. The property's Assessed Parcel Number (APN) is 242.059-1-66. This is a rare chance to acquire a well-established property with significant upside potential in a desirable location. The property's size and zoning provide a wide range of possibilities for future development and income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $360,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $365,000
- Mixed-Use
- $365,000
- Hospitality
- $420,000
- Educational
- $345,000
- Residential Income
- $350,000
- Energy
- $400,000
- Income-Based Land
- $405,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Oneida
- State
- New York
- Longitude
- -75.4523
- Latitude
- 43.2087
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA