For Sale
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Property summary
This exceptional 2,133 square foot commercial property at 203 E 8th Street SW in Rome, Georgia presents a unique investment opportunity. Situated on a 0.28-acre lot, this building boasts a prime location near the heart of downtown, ensuring high visibility and accessibility. Currently zoned M-R, the property offers remarkable versatility. Its potential uses are diverse, including retail space and even conversion into an apartment building, given its existing layout. The main level features a full kitchen and a half bath, providing ample space for various commercial ventures. Upstairs, two full bathrooms add to the functionality and potential for multi-unit occupancy. A significant advantage is the inclusion of twelve dedicated parking spaces, a rare commodity in many downtown areas. A separate entrance staircase from the parking lot leads directly to the second story, enhancing accessibility and potentially creating distinct rental units. Priced at $375,000, this property represents a compelling investment in a thriving downtown location with significant upside potential. The combination of its historic charm, versatile zoning, and ample parking makes this a truly exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing & Fashion Store
Value estimations
Owner & transaction history
Zoning & alternative use
(1) The M-R Multifamily Residential District is established to provide a location for attached units with densities of 10-14 units per acre . Multifamily development includes duplexes, triplexes, apartments of 4 units or…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Rome market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-R · Rome, GA(1) The M-R Multifamily Residential District is established to provide a location for attached units with densities of 10-14 units per acre . Multifamily development includes duplexes, triplexes, apartments of 4 units or…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-R in Rome, GA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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