Thursday, September 16, 2021 at 2:00 pm — Auction Site: "The Neely" - 710 East 1st Street, Rome, GA.
Under contract for $1,950,000. Pre-auction offer.
OWNER FINANCING
(2) Buildings and Parking Lot located at 111 & 113 Broad St on the Historic Cotton Block in the Heart of Downtown Rome
These properties will be offered Individually or as a Whole
All Utilities – Triple Road Frontage – Incredible Rental Income
Property to be SOLD from The Neely located at 710 East 1st Street, Rome, GA.
It is not often that you have the opportunity to purchase property in the Historic Cotton Block of Rome, GA. Located in the foothills of the Appalachian Mountains at the confluence of the Etowah and the Oostanaula Rivers which together form the Mighty Coosa River; these properties are within walking/biking distance to every major downtown venue, church, financial institution and government entity. The current ownership has contracted with Dempsey Auction to sell to the highest bidder, at auction, these incredible properties. DO NOT miss this once in a lifetime opportunity to purchase Historic Downtown property at the Right Price – Your Price!!!
111 Broad St (J14D 038)
This Sprinklered 5251+/- sq ft Multi-Tenant Commercial & Residential Building features:
The 3251+/- Sq ft main level consists of an open floor plan in the front half of the building the tenants use for office/reception area and the rear of the building features (2) restrooms, storage closets, and rear entrance to W. 1 St.
The Second Floor boasts a 2000+/- sq ft loft accented by exposed beams & reclaimed pine flooring, (2) bedrooms, (1) bath, large living/dining area, spacious kitchen, utility/laundry room and ample storage.
Combined Rent:$3,850/Month
2020 Property Taxes: $7,021
Zoning: CBC (Central Business Commercial)
Utilities: Sewer, Water, Power, Gas
113 Broad St (J14D 039)
This Sprinklered 7025+/- sq ft Multi-Tenant Commercial & Residential Building features:
The 3,488+/- sq ft Main Level affords a semi-open floor plan with full kitchen, reception/waiting area with gas fireplace, several large offices, (2) restrooms, utility/laundry room and entrances to Broad, W. 1st and the adjacent parking lot. The full basement allows for ample dry storage.
The upstairs 3,537 sq ft +/- provides (2) impressive 2 br/2ba lofts with commanding views of Broad St and the Confluence of the Etowah & Oostanaula Rivers. These lofts offer granite, hardwoods, exposed original brick, towering ceilings and generous kitchens with modern appliances.
Combined Rent: $7,450/Month with yearly increases
2020 Property Taxes: $11,609
Zoning: CBC (Central Business Commercial)
Utilities: Sewer, Water, Power, Gas
115-121 Broad St (J14D 040,041,042,043)
This newly paved, 20 space Parking Lot has access from Broad Street and West 1st Street and is one of the only Off-Street parking lots on Broad Street. It will be sold with 113 Broad,
Rent: Included in the leases for 113 Broad St
2020 Property Taxes: $1,981
Zoning: CBC (Central Business Commercial)
Utilities: Sewer, Water, Power, Gas
The Properties will be offered in Tracts or as a Whole – Please note the parking Lot will be SOLD with the #113 Building
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