A listing on the real estate website loopnet.com shows the Mount Berry Square Mall for sale for $11,800,000.
The listing has the mall at 70 percent occupancy.
This isn’t the first time the mall property has been listed for sale. The property was auctioned on the courthouse steps in July 2010 and there was no sale. Soon after the auction Chicago-based Urban retail properties took over management of the mall.
The complete listing description is posted below:
Description
The NAI Brannen Goddard Retail Investment Property Group and C-III Realty Services are pleased to exclusively offer Mount Berry Square Mall for sale. This quality asset is an enclosed community mall located in Rome, Georgia anchored by Belk, JC Penney and Sears. This property is currently 70% leased including a vacant anchor space and offers significant upside through additional leasing.
Rome is located approximately 70 miles northwest of Atlanta in the foothills of the Appalachian Mountains near the Alabama and Tennessee borders. It is the largest city in northwest Georgia.
Rome is the medical and educational hub of the northwestern part of the state. It is home to more physicians, specialists and hospital beds per capita than any other small city in the US. Berry College, Shorter College, Georgia Highlands College and Coosa Valley Technical College are located in Rome.
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