1431 Broad StRome, GA 30161

Property Details for 1431 Broad St

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.00 AC

Property size (Sq ft)

28,683 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Strip malls

APN

J13J- -151 -

APU

J13J151

Description

This exceptional commercial property, located in the thriving Roman Plaza, offers four available spaces ranging from 1,100 to 6,000 square feet. Anchored by Family Dollar and Dollar Tree, this prime location boasts high visibility along Highway 53, with 680 feet of road frontage. The C3 zoning allows for versatile business uses, catering to diverse commercial needs. Ample parking is provided with 90 spaces across 3 acres, ensuring convenience for tenants and customers. The property's strategic location near downtown Rome's River Front area guarantees significant foot traffic. All utilities are readily available on-site, simplifying the setup process. Furthermore, its proximity to residential areas fosters strong community engagement. This opportunity is ideal for businesses seeking a dynamic and thriving commercial space in Rome, Georgia, benefiting from excellent visibility and convenient access. The property's size and ample parking also allow for potential expansion. This is a unique chance to establish a presence in a bustling commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $8,917,872

  6.5%

  $8,231,882

  7%

  $7,643,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,773,877

  Geo Method

  $14,099,163

• Alternative Use

  Use

  Valuation

  Residential

  $6,943,900

  Hospitality

  $6,360,576

  Educational

  $5,291,924

  Medical

  $5,473,922

  Retail

  $8,231,882

Location Insight

City

Rome

County

Floyd

State

Georgia

Latitude

34.2646

Longitude

-85.1578

CBSA code

40660

CBSA name

ROME, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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