3349 Alabama SW Hwy Rome, GA 30165
- Commercial real estate
- 3,706 SF
- 1.55 lot acres
Dec 02, 2021
Current Use by Public Records
- Go Time! Family Fun / Golf Course
Property Details for 3349 Alabama SW Hwy
- Year built
- 1986
- Construction
- WOOD FRAME
- Lot size
- 1.55 lot acres
- Property size
- 3,706 SF
- Zone code
- C-C
- Property type
- Commercial real estate
- APN
- G13X- -245 -
- APU
- G13X245
Description
This exceptional 2,000 square foot commercial property located at 3349 Alabama Highway NW, Rome, GA, presents a unique investment opportunity. For nearly four decades, this family-friendly recreation center has thrived in Floyd County, just outside Rome city limits. The business currently offers miniature golf, batting cages, Battle Ball, and birthday party services, providing a consistent revenue stream. While arcade machines are not included in the sale, all other furniture, fixtures, and equipment are part of the purchase. The property sits on a generous 1.55-acre lot. Historically, the business operated as a Putt Putt franchise, and even included go-kart racing. Although go-kart racing is not currently offered, a lease agreement for an adjacent go-kart track is in place, presenting potential for expansion or synergy. The property is being sold by out-of-town owners, and the current local family operators are continuing business as usual. Note that current operating financials are unavailable at this time. This turnkey operation offers significant potential for a new owner to capitalize on an established business and prime location. The property's size and existing infrastructure provide ample room for future development and expansion, catering to the needs of a growing community. This is a rare chance to acquire a well-established, family-oriented business with significant growth potential. The asking price is $450,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $565,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $578,000
- AI Estimate
- $505,000
Market price range: $237k - $820kMarket price range: $192k - $729k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $510,000 Current use
- MEDICAL BUILDING
- $550,000 Change: +8% Conversion: Easy
- RETAIL STORES
- $445,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Rome
- County
- Floyd
- State
- Georgia
- Longitude
- -85.2703
- Latitude
- 34.271
- CBSA code
- 40660
- CBSA name
- ROME, GA METROPOLITAN STATISTICAL AREA