1208 Broad St Rome, GA 30161
This exceptional mixed-use property at 1208 N Broad Street in Rome, Georgia, presents a unique investment opportunity. Boasting a spectacular six-year, foundation-up renovation, this nearly 100-year-old property offers over 330 feet of prime street frontage on three sides, situated on a rare, level 0.3-acre lot. The main building, a substantial single-family home, features a modern layout while retaining historical charm. Highlights include a dining room seating 16+, a library lounge, a large private study, and abundant natural light. The master suite includes a massive closet and a spa-like bathroom with custom white marble. A chef's kitchen, equipped with industrial-grade appliances, is ideal for catering or large-scale entertaining. The property also includes a two-bedroom guest house (requiring some renovation) and a solar power plant, offering potential for additional income. The property benefits from NOC zoning, allowing for live/work arrangements and various mixed-use developments. Located in a high-traffic area with over 12,000 cars passing daily, this property is surrounded by new developments, including a Hilton hotel and numerous townhomes and apartments. The asking price is $814,900. Adjacent lot also available for purchase. This property is perfect for a bed and breakfast, attorney's office, restaurant, or redevelopment into townhomes or other commercial ventures. Its prime location, high traffic count, and flexible zoning make it an exceptional investment opportunity.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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