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203 E 8Th St SW Rome, GA 30161

Retail space Google Maps
2,133 SF Built 1901
Entity Owned Free & Clear
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US22-2067617

Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1901
Construction WOOD FRAME
Total area 2,133 SF
Zoning code M-R
APN J14G- -025 -
UPID US22-2067617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2026
$290,000

Zoning & alternative use

M-R · Rome, GA
Zoning description

(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…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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