1105 Martha Berry Blvd, Rome, GA 30165 (MLS # 10148204)
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Seven Hills Inn was built in 1987, has 28 rooms and an office with owners apartment with 4 bedrooms and 2 bathrooms on 1.31 acres for the listed selling price. The Royal Inn Motel is located adjacent to this property and can be purchased in a Jumbo Package with the Seven Hills property for a total of 3.11 acres for $4.6 million. Seven Hills Inn has an approximate annual income of $225,000 with a store on the property with a tenant income of $10,200 annually or $850 a month through December of 2024. Seven Hills can be purchased as a motel or as a development project alone or combined with the Royal Inn Property. Both of these properties front the main corridor on Martha Berry Blvd. going into historic downtown 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! * Go to these two links below for excellent articles about this development area in Rome, GA (What is a TAD?... Blight to Bright!) https://www.romega.us/CivicAlerts.aspx?AID=79 https://www.northwestgeorgianews.com/rome/news/local/bright-not-blight-development-proposal-seeks-to-breathe-life-into-neglected-corridor/article_1fa9ebf0-286c-11ec-a538-a3c3a445e817.html
| DAYS ON MARKET | 59 | LAST UPDATED | 4/26/2023 |
|---|---|---|---|
| YEAR BUILT | 1987 | COUNTY | Floyd |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Stucco |
| HEAT | Central |
| LOT | 1.31 acre(s) |
| LOT DESCRIPTION | City Lot, Level, Near Public Transit |
| PARKING | Parking Lot,Paved |
| SEWER | Public Sewer |
| TAXES | 22834 |
| 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.