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Property profile & analytics
OFF-MARKET
Investment properties

223 Dominick St 27 Rome, NY 13440-5913

4,760 SF 0.11 ac lot Built 1925
Entity Owned 9-yr Hold Free & Clear
Property ID
US63-1278451
Property summary
AI-generated overview

This exceptional investment opportunity presents a versatile 7,820 square foot commercial property situated on a 0.11-acre lot at 223 W Dominick St, Rome, NY. The property's prime location in a high-traffic area ensures excellent visibility and accessibility for businesses. The ground floor comprises two generously sized commercial spaces, perfectly suited for a variety of uses including retail, office spaces, or service-oriented businesses. The adaptable nature of these spaces allows for customization to meet the specific needs of prospective tenants. Adding to the property's appeal are two upstairs residential units, each featuring two bedrooms. These units offer significant potential for rental income, providing a valuable supplemental revenue stream. The dual-purpose design of this property, combining commercial and residential spaces, presents a unique opportunity for investors seeking a diversified income portfolio. The asking price for this remarkable property is $250,000. This presents a compelling investment opportunity in a thriving area, offering strong potential for both immediate and long-term returns. The property's strategic location and flexible layout make it an ideal choice for investors seeking a high-yield asset with significant upside potential. Don't miss this chance to acquire a truly unique and profitable commercial property in the heart of Rome, NY.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 4,760 SF
Lot 0.11 ac (4,792 SF)
Zoning code C-1
APN 301301 242.059-0001-081
UPID US63-1278451
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mccormack Estates Ny LLC · 9 yrs held
Mccormack Estates Ny LLC
since 2016
2 recorded transactions
2016
$79,000
2007
$70,000
Zoning & alternative use
C-1 · Rome, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-1 local commercial district. The C-1 local commercial district is intended to provide for small-scale commercial and mixed-use development that serves the local community. (b)

Zone name Local Commercial
General category COMMERCIAL
Zone area 283.76 ac
Source code of ordinances
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