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1103 Shorter Avenue

$1,450,000

1103 Shorter Avenue, Rome, GA 30165

Active
Last Updated: 05/07/2025

3,200 sqft

Building Size

1987

Year Built

Details:
Building Size:    3,200 sqft
Year Built:    1987
Parking Spots:    10
Highlights:
  • Lot Features: Level
  • Gross Income: 0
  • Number Of Buildings: 4
  • Bathrooms Total: 0
  • Documents Available: Other
  • Cooling: Other
  • Heating: Other
  • Electric: 110 Volts
  • Flooring: Other
  • Construction Materials: Aluminum Siding, Other
  • Parking Features: Parking Lot
  • Accessibility Features: None
  • Security Features: None
Description:

Prime 1.57-acre property zoned for community commercial use, boasting high visibility and a high traffic count with triple road frontage on Shorter Ave, Fay Street, and S Sycamore Street. This versatile space includes a 3,200 sqft automotive shop, two rental houses, one vacant house, and a billboard-ideal for income potential and business opportunities.

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Today's Available Mortgage Rates

1103 Shorter Avenue, Rome, Georgia 30165

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/31/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$4,747 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $739,500 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$4,805 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $739,500 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$4,756 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $725,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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