223 Dominick St 27 Rome, NY 13440-5913
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.
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)
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Rome, NYC-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)
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.