5615 Rome New London Rd, Rome, NY 13440
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.
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
AG · Rome, NYRome. Always verify with local authorities before improvements.
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.