2219 Shorter AveRome, GA 30165

  • Commercial real estate
  • 3,368 SF
For Sale
$1,700,000 View listing

Property Details for 2219 Shorter Ave

Year built
1971
Construction
WOOD
Lot size
1.09 AC
Property size (Sq ft)
3,368 SF
Zone code
C-C
Property type
Commercial real estate
APN
H13W- -398 -
APU
H13W398

Description

This exceptional redevelopment opportunity presents a former Wells Fargo bank branch located at 2219 Shorter Ave, Rome, GA 30165. The property boasts 142 feet of frontage on Shorter Avenue (28,200 ADT) and Redmond Circle (17,100 ADT), offering multiple points of ingress and egress. Situated on approximately one acre of land, this location benefits from high visibility and accessibility. The surrounding area features a robust retail environment, including prominent national brands such as Walmart, Sam's Club, Lowe's, Starbucks, Dunkin' Donuts, Planet Fitness, McDonald's, and Zaxby's, indicating strong consumer traffic and established market demand. This property is ideal for a variety of uses, including quick-service restaurants (QSR), retail storefronts, or other commercial ventures. The property is available for lease at $125,000 annually or for sale at $1,700,000. This presents a unique chance to capitalize on a prime location in a thriving market within Floyd County. The property's size and location make it an attractive investment for those seeking high-traffic exposure and redevelopment potential. The existing structure provides a solid foundation for a variety of commercial uses, offering significant upside potential for the right buyer or tenant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $815,363
    Hospitality
    $746,868
    Educational
    $621,386
    Medical
    $642,756
    Retail
    $966,600

Location Insight

City
Rome
County
Floyd
State
Georgia
Latitude
34.2709
Longitude
-85.2294
CBSA code
40660
CBSA name
ROME, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,621
$87,494
$186,506
$274,000
-
$218,734
$466,266
$685,000

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