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FRANC · For Sale

12 E 3 rd AVE, Rome Active

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Asking price
$465,000
Price / SF
$140.91
Cap rate
Sale type
Property type
FRANC
Property subtype
FRANC,HIST,OFFIC,RETAI
Building class
Building size
3,300 sq ft
Year built
1875
NOI
Tenancy
Building height
Building FAR
Lot size
0.04 acres
Zoning
CBC
Frontage
22 ft
Listing #
EN-20990
MLS #
10831771

Don't miss the chance to own a piece of history and bring your vision to life! Each building includes all three floors, offering versatility and investment potential. *Commercial Unit on the first floor - perfect for retail, office, or restaurant space. *Upper Floors - endless opportunities to create residential lofts, luxury condos, or additional commercial space. *Approx. 1,100 sq. ft. per floor - totaling over 3,300 sq. ft. per building. Tall ceilings make the space even more spacious. **2 parking spaces are included on the rear.** The intent of the remodel is to provide the new owner with a clean slate that has uncovered and remedied all the existing underlying issues within the building while leaving all interior finishes, interior mechanical and electrical systems, architectural layout and design, to the new owner. Each unit will have an independent roof, gutter system and downspout. New 60 mil TPO roof has been installed with insulation on top of the exciting roof deck. New exterior paint has given this building a whole new look. All new glass in the storefront. New Marvin windows have been installed. Interior- All ceilings, plaster and asbestos have been removed leaving exposed joists, rafters, and brick. All previous flooring has been removed and new subfloor installed on 1st & 3rd floors. A new exterior door and rough framed staircase going from parking lot to second floor on the interior of the building. An interior staircase has been added between 2nd and 3rd floors. Rough framing to separate the buildings from each other with a 2x6 stud wall and plywood to separate the units. Two electrical meters installed (no electrical run from the panel). New fire sprinkler line to be installed in the crawlspace. As a residential space, it can easily accommodate 3-4 bedrooms on the 2nd-3rd floor. Projected completion is November 2026

Location

GAMLS
Listed by Realty One Group Edge
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10831771

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