Remarks

GREAT OPPORTUNITY FOR INVESTORS/DEVELOPERS with STACKED TAX INCENTATIVES (TAD & FEDERAL OPPORQTUNITY ZONE)!!! THIS LOCATION IS ALSO IDEA FOR REDEVELOPMENT FOR A FLAG HOTEL, RESTUARANT, GAS STATION, MEDICAL FACILITY, BEVERAGE STORE, OR MULTI-FAMILY HOUSING or it can be operated as is. The Seven Hills Inn motel was built in 1987 and is located at 1105 Martha Berry Blvd. It has 28 rooms and an office with 4 bedrooms and 2 bathrooms and also is the site of the Berry Mart store on a combined total of 1.31 acres and can be purchased for $3 million. Seven Hills has an NOI of approximately $230,000 annually. This is a billboard location because of the high traffic count of approximately 30,000 daily. This property has 200 feet of road frontage. NOTICE!: This property can also be purchased with the property at 1201 Martha Berry Blvd for a total of $5 million on approximately 3.12 acres with over 400 feet of road frontage. 1105 and 1201 properties listed here on loopnet and both are in prime locations overlooking the beautiful and historic downtown Rome.

Details

MLS#: 10278761
Price: $3,000,000

Year Built: 1987

County: Floyd