Property profile

5615 Rome New London Rd Rome, NY 13440

OFF-MARKET
Amusement parks
Property ID
US63-1215046
1,440 SF 34.7 ac lot Built 1965
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a recreational amusement park, associated buildings, and land on a single approximately 34+/- acre tax parcel zoned Agricultural, located on New London Rome Road near State Route 69. The site has been operated as Peter Paul Recreational Park with attractions including go-carts, batting cages, laser tag, bumper boats, and an arcade, and it also includes a separate residential dwelling on the same parcel that has been used as a rental property. The primary building footprint is approximately 3,127 square feet, and the current park use is supported by a Special Use Permit (SUP). City of Rome documentation indicates permitted or allowed use categories on the property include self-storage, solar, agricultural, and multi-family development. The buildings and business are configured to support recreational operations as well as potential alternative permitted uses described by the SUP and city attachments.

Property profile

Verified
Property type Amusement parks
Use group AMUSEMENT PARK
Year built 1965
Total area 1,440 SF
Lot 34.7 ac (1,511,532 SF)
Zoning code AG
APN 301389 222.000-0002-009
UPID US63-1215046

Cap rate & NOI

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

Location

5615 Rome New London Rd Rome, NY 13440-8336
Rome metro Census 22702 UTICA-ROME, NY 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
$200k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2017
$175,000
2015
$125,000

Zoning & alternative use

AG · Rome, NY
Zoning description

AG agricultural district. The AG agricultural district is intended to promote and protect agricultural land. The standards of the AG district are to protect and promote the continuation of farming, and to protect agricul…

General category AGRICULTURAL

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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