5 Callahan StRome, GA 30161

Property Details for 5 Callahan St

Year built

1992

Construction

STEEL FRAME

Lot size

0.25 AC

Property size (Sq ft)

3,000 SF

Zone code

H-T-R

Property type

Retail properties

Property subtype

Auto shops

APN

J13I- -294 -

APU

J13I294

Description

This exceptional 3,000 square foot auto garage, located at 5 West Callahan Street in Rome, Georgia, presents a lucrative business opportunity. Situated on a 0.25-acre lot, the property boasts four spacious bays, perfectly suited for a variety of automotive services. Currently operating as a tire shop, the versatile space offers significant potential for expansion and adaptation to different automotive businesses. The strategic location off North Broad Street ensures high visibility and convenient access for customers. The property's substantial size provides ample room for both service operations and potential storage or office space. The asking price of $352,000 represents a compelling investment in a well-established commercial area with strong growth prospects. This turnkey operation offers immediate income potential and the flexibility to tailor the business to your specific needs. Serious inquiries are encouraged to explore this remarkable opportunity to own a thriving automotive business in a prime Rome, Georgia location. The property is ready for immediate occupancy and offers a solid foundation for future success.

• CAP approach

  CAP return

  Valuation

  6%

  $932,734

  6.5%

  $860,985

  7%

  $799,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,231,448

  Geo Method

  $1,474,654

• Alternative Use

  Use

  Valuation

  Residential

  $726,273

  Hospitality

  $665,263

  Educational

  $553,491

  Medical

  $572,526

  Retail

  $860,985

Location Insight

City

Rome

County

Floyd

State

Georgia

Latitude

34.2667

Longitude

-85.1562

CBSA code

40660

CBSA name

ROME, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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