1201 Martha Berry Boulevard, Rome, GA 30165 (MLS # 10144864)
Brought to you by Toles, Temple and Wright, Inc.
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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 | 72 | 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
TOTAL MONTHLY PAYMENT
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Listed with Hardy Realty & Dev. Company
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2023 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2023.