Technical
Financial
Distress signals
Property profile

301 Reece NE St Rome, GA 30161

OFF-MARKET
Grocery and convenience stores
Property ID
US22-2248673
576 SF 0.1 ac lot Built 1950
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 0.1-acre retail property located at 301 Reece Street NE in Rome, Georgia, zip code 30161. The property, built in 1950, consists of a single building ideally situated in the heart of the community, making it perfect for a variety of small businesses. The asking price is $155,000. Its central location offers excellent visibility and accessibility for customers. The property's versatility allows for a range of retail or convenience store uses, or any suitable small business venture. With its established location and attractive price point, this property represents a strong potential for return on investment. The property's 0.1-acre lot provides ample space for operations and potential expansion. This is a rare chance to acquire a well-positioned commercial property in a thriving Georgia community. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is zoned for commercial use. Further due diligence is recommended to confirm all aspects of the property's suitability for intended use.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1950
Construction WOOD
Total area 576 SF
Lot 0.1 ac (4,400 SF)
Zoning code C-C
APN J13J- -269 -
UPID US22-2248673

Cap rate & NOI

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

Location

301 Reece NE St Rome, GA 30161-5149
Rome metro Census 600 ROME, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$70k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2020
$19,500
2009
Price N/A
2008
$102,544
2007
Price N/A

Zoning & alternative use

C-C · Rome, GA
Zoning description

i. C-C Community Commercial (1) The C-C Community Commercial District is established to provide a location for a full-range of retail and office development serving the general needs of the community. The C-C District is…

General category INDUSTRIAL

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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