242 N 5th Avenue N Unit A, B, 226, Rome, GA 30165

$575,000

$131 per sq ft (computed from list price and building area in the listing data)

MLS# 7807464 · Listing Courtesy Of: Realty One Group Edge
Listing Contact: 678-909-7709

242 N 5th Avenue N Unit A, B, 226, Rome, GA 30165

Facts

Mixed UseProperty type

4,395 sq ftBuilding area

0.21 acresLot

1951Year built

UMUZoning

3Buildings

82Days on market

Other, Professional/Office, RetailBusiness type

$7,757 (2024)Annual taxes

Investment figures (from listing data)

8.6%Cap rate

$4,700Gross income

Figures are as reported by the listing brokerage in the FMLS feed — verify against the seller's financials before relying on them.

About this property

Outstanding mixed-use commercial building in Rome's vibrant River District, just two blocks from Broad Street. Two of Three Units Leased: Large Commercial Office to be vacant (commercial office), an attorney's office, and a residential studio apartment. Current zoning allows for continued mixed use or future redevelopment. Realty ONE Group Edge, the anchor tenant, is flexible regarding occupancy-ideal for a buyer wanting to occupy all or part of the largest unit in the building while maintaining rental income. Located in a strong demand corridor with long-term appreciation potential and surrounded by retail, dining, riverfront, and civic attractions. A rare opportunity in one of Rome's hottest districts.