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    FOR SALE
    Amusement parks

    5615 Rome New London Rd, Rome, NY 13440

    1,440 SF 34.7 ac lot Built 1965
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US63-1215046
    Property summary
    AI-generated overview

    This exceptional 34.7-acre property presents a unique investment opportunity encompassing a thriving recreational park and a supplemental residential rental. The main attraction is Peter Paul Recreational Park, a well-established business featuring go-karts, batting cages, laser tag, bumper boats, and an arcade. This entertainment complex occupies a significant portion of the expansive land parcel. Adding to the income stream is a residential dwelling situated on the same tax parcel, currently generating rental income. The entire property is zoned Agricultural, with its current use permitted under a Special Use Permit (SUP). The substantial acreage offers significant potential for future development. Detailed information from the City of Rome outlines numerous permitted uses, including but not limited to self-storage facilities, solar energy projects, agricultural expansion, and multi-family residential development. The main park building encompasses 3,127 square feet. This versatile property offers a blend of established income and exciting development possibilities, making it an attractive investment for a discerning buyer. The extensive acreage and diverse permitted uses provide a wide range of future options. Detailed city documentation outlining permitted uses is available upon request. This is a rare opportunity to acquire a profitable business with significant expansion potential.

    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
    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
    Revivement INC · 7 yrs held
    Revivement INC
    since 2019
    3 recorded transactions
    2019
    2017
    $175,000
    2015
    $125,000
    Zoning & alternative use
    AG · Rome, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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