Property profile

8 3rd Ave Rome, GA 30161

OFF-MARKET
Office Spaces
Property ID
US22-2770080
18,516 SF 0.21 ac lot Built 1901
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property at 8 E 3rd Ave, Rome, GA 30161, presents a unique investment opportunity. The building, constructed in 1910, boasts a substantial 18,516 square feet across three stories, situated on a 9,148 square foot lot. Currently zoned C-B-C, the property offers significant upside potential. The ground floor is fully finished and currently leased; rental details are available upon request. The upper two floors are unfinished, providing a blank canvas for a visionary developer to customize to their specific needs and create additional income streams. This presents a rare chance to acquire a historic building in a desirable location with the potential for substantial returns. The property's prime location in Rome, Floyd County, Georgia, offers excellent visibility and accessibility. The building's substantial size and flexible zoning provide ample opportunity for a variety of retail uses. This is an ideal investment for an entrepreneur seeking a high-impact project with significant long-term growth potential. Don't miss this chance to acquire a piece of Rome's history and shape its future. Asking price is $1,250,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,516 SF
Lot 0.21 ac (9,148 SF)
Zoning code C-B-C
APN J14C- -125 -
UPID US22-2770080

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency

Location

8 3rd Ave Rome, GA 30161-3260
Rome metro Census 1100 ROME, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M

Owner & transaction history

since 2021
Last sale
$915,000
2 recorded transactions
2021
$1.2M
1969
Price N/A

Zoning & alternative use

C-B-C · Rome, GA
Zoning description

j. C-B-C Central Business Commercial (1) Within C-B-C Central Business Commercial District the most intensive use of land is permitted in combination with a variety of commercial and residential uses. The district is int…

General category COMMERCIAL

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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