210 Embargo St Rome, NY 13440-5033
This exceptional commercial property at 210 W Embargo Street in Rome, New York, presents a unique investment opportunity. The property encompasses a total of 3,352 square feet, situated on a generous 9,147 square foot lot. The ground floor offers a fully renovated retail space, ideal for a variety of businesses. Ample parking is available, including a designated handicapped-accessible entrance, ensuring convenient access for customers and employees. Upstairs, a spacious apartment features attractive hardwood floors and is ready for immediate occupancy. This versatile space offers the potential for owner-occupancy, combining living and business operations, or generating rental income from a separate tenant. The asking price for this combined retail and residential property is $189,900. The property's location in Rome, Oneida County, New York, (zip code 13440) offers excellent visibility and accessibility. This is a turnkey opportunity for an entrepreneur seeking a blend of commercial and residential space in a thriving community. The property is zoned for commercial use and is ready for immediate possession. Don't miss this chance to own a versatile and profitable property in a desirable location.
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Daniel Silverman, LCSWR Foster Care Service Social Service Agency
the R-2 and R-P districts are permitted for dwellings that meet the following standards. Residential conversions require zoning board of appeals approval of a special use permit. Construction drawings and plans that describe the proposed conversion are required as part of the application. (a) The existing dwelling must be a minimum of 2,750 square feet or mo…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-P · Rome, NYthe R-2 and R-P districts are permitted for dwellings that meet the following standards. Residential conversions require zoning board of appeals approval of a special use permit. Construction drawings and plans that describe the proposed conversion are required as part of the application. (a) The existing dwelling must be a minimum of 2,750 square feet or more of heated habitable gross floor area. This gross floor area calculation does not include any basement area. (b) Upon conversion, the unit mix must meet or exceed the gross floor area as calculated by the unit types below: i. Efficiency unit: 500 square feet. ii. One bedroom: 800 square feet. iii. Two bedroom: 1,000 square feet. iv. Three or more bedroom: 1,250 square feet. (c) Following the conversion, the dwelling exterior must retain its existing single-family residential character. The dwelling must conform to the applicable dimensional standards for the district in which the building is located. (d) No residential conversion may violate any occupancy regulations. (e) One parking space must be provided for each additional dwelling unit. (Ord. No. 9301A , 9-26-18)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
