While Rome’s Broad Street corridor remains a vibrant heart of the community, the opportunities for growth and expansion are ample.
Close to 20 properties are being actively marketed on Broad Street.
Of all the properties that real estate mogul Larry Martin tried to auction off on Broad Street earlier this year, only the building adjacent to Greene’s Jewelers has actually been sold. Nancy Brown is still in the process of attempting to purchase the Martin building that houses her business, Elysium, at 226 Broad St.
Ed Hine, the Rome attorney who acquired the property at the corner of Second Avenue and Broad Street, as well as the 113 Broad Street building, said he expects to file an application for a façade improvement grant for the long abandoned 113 Broad building.
Hine declined to say how much he’s asking for the property. “It’s not listed with anybody,” Hine said. “Once we get that (façade improvement) done, we’ll look at it and see where we’re at.”
Roger Wade owns a couple of buildings that are located in the Cotton Block and actively on the market, though all three have active businesses in them. Wade’s Mattress Direct building at 109 Broad is for sale along with property at 126-128 Broad. “Sometimes you get a little heavy into real estate inventory,” Wade said. He also owns the building at 111 Broad St., which houses Pastimes, his hot dog shop, which is not on the market.
Businessman Ira Levy has been seeking approval for the demolition of the old Top Hat Formal Wear and Bible Book Store property for years, with plans to replace the property with a three story structure that would include retail space on the ground floor with apartments on the second and third floor.
The Historic Preservation Commission rejected Levy’s request to include balconies on the apartments overlooking Broad Street, and Levy put that project on hold.
The building at 527 Broad St., which formerly housed the Atlanta Gas Light offices and is owned by the estate of the late J.L. Todd, is one of the largest properties still available downtown and has been on the market for many months.
Across the street from the Todd building, at 528 Broad St., the former White Rabbit property was purchased by the Seven Hills Fellowship Church, which has already revealed plans to renovate the structure.
Properties on the Broad Street corridor that are on the market, asking price, if available, and who has it listed, include:
100 Broad – $995,000, Toles, Temple Wright; 114 Broad – $485,000, Toles, Temple Wright; 109 Broad – $299,000, Toles, Temple Wright; 113 Broad – Ed Hine; 126-128 Broad – $149,000, Toles, Temple Wright; 130 Broad – $349,000, Toles, Temple Wright; 217 Broad – $450,000, Hardy Realty; 227 Broad – Martin Real Estate; 231 Broad – Roger C. Dorset Trust; 236 Broad – $349,000, Hardy Realty; 239 Broad – $449,000, Toles, Temple Wright; 240 Broad – $325,000, Toles, Temple Wright; 315 Broad – Michael Landers; 318 Broad – $269,000, Hardy Realty; 324 Broad – Martin Real Estate; 325 Broad – Martin Real Estate; 405 Broad – Martin Real Estate; 413-417 Broad – $768,000 Toles, Temple Wright; 524 Broad – Martin Real Estate; 527 Broad – $605,000 Toles, Temple Wright