Listing

MLS #: 10144864

Remarks

The Royal Inn was built on 1.47 qcres in 1959 with 28 rooms and a 5 bedroom owner's apartment in the motel office. The motel has been closed for two years and rented for $60 a night when it closed so there are no current financials or net operating expense reports. This is a great redevelopment project for investors in an area that is located on the main corridor going into the historic downtown city of 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!