For Sale
$1,850,000
1431 Broad St Rome, GA 30161
High-yield retail center, strong tenant mix.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $1,850,000 asking price for this 28,683 square foot shopping center.
- Located at 1431 N Broad St, Rome, GA 30161, this Class C retail property offers a value-add investment opportunity.
- The property features a multi-tenant occupancy of 75%, anchored by Dollar Tree, with a total of six tenants.
- The property boasts a 3-acre lot with 90 parking spaces and a gross lease structure.
- Built in 1980 and renovated in 2019, the single-story building has a current NOI of $149,911 and a pro-forma NOI of $194,126, resulting in a current cap rate of 8.10% and a pro-forma cap rate of 10.49%.
- The property's price per square foot is $64.50.
Property Details for 1431 Broad St
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 28,683 SF
- Class
- C
- Year Built/Renovated
- 1980/2019
- Stories
- 1
- Lot Size (sq. ft)
- 130,680 SF
- Units
- 8
Location Insight
- City
- Rome
- County
- Floyd
- State
- Georgia
- Latitude
- 34.264335578199
- Longitude
- -85.157214679117
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield retail center, strong tenant mix.
- Where is the lifestyle center located?
- The property is located at 1431 Broad St Rome, GA.
- What is the asking price?
- The asking price for this property is $1,850,000.
- What are key features of this property?
- This property features: $1,850,000 asking price for this 28,683 square foot shopping center.; Located at 1431 N Broad St, Rome, GA 30161, this Class C retail property offers a value-add investment opportunity.; The property features a multi-tenant occupancy of 75%, anchored by Dollar Tree, with a total of six tenants.
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