1201 Martha Berry Boulevard, Rome, GA 30165 (MLS # 10144864)

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PRICE $1,800,000 dsIDX morgage calculator
SIZE 9,063 sqft
LOT SIZE 1.47 ac

The Royal Inn was built on 1.47 qcres in 1959 with 28 rooms and a 5 bedroom owner's apartment in the motel office. The motel has been closed for two years and rented for $60 a night when it closed so there are no current financials or net operating expense reports. This is a great redevelopment project for investors in an area that is located on the main corridor going into the historic downtown city of Rome. There are plans for 210 upscale multi-family apartments and condos across the street designed to meet the needs of young professionals and the medical community. There are also plans for a new 55 and up Senior Home Development nearby with up to 80 units. This property is in a perfect location to compliment these developments due to location and investment incentatives that may be available to investors because it is located in a FEDERAL OPPORTUNITY ZONE and is in also in a TAX ALLOCATION DISTRICT (TAD). Do not miss the opportunity to be a part of this exciting development in Rome which has been recognized as one of the best small towns in America!

DAYS ON MARKET 338 LAST UPDATED 4/14/2023
YEAR BUILT 1958 COMMUNITY FLD1
COUNTY Floyd STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA FLD1
CONSTRUCTION Brick
HEAT Central
LOT 1.47 acre(s)
LOT DESCRIPTION Level
PARKING On Street
SEWER Public Sewer
TAXES 7350
UTILITIES Cable Available,Electricity Available,High Speed Internet,Phone Available,Water Available
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Hardy Realty & Dev. Company
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