336-340 Broad Street
Office
Marketing description
336-340 Broad St is a best in-class assets in the heart of Rome, GA and was the former home of the
Masonic Temple. Originally constructed in the early 1900’s, the Property is widely regarded as among
the highest quality office buildings in Rome.
In the heart of downtown Rome, 336-340 Broad St represents an opportunity for investors to purchase
a diverse tenant mix in an unparalleled location. Nearly all of the existing office leases are below market
with month-to-month terms, allowing a purchaser to immediately add value by rolling leases to market
rates. In addition to prime downtown office space, the asset also features a masterfully crafted
apartment that could be condominiumized and sold to lower basis. Further rent roll diversity can be
found in several retail leases, including long time tenant and popular eatery Jefferson’s as well as Blue
Willow Boutique.
Investment highlights
VALUE-ADD OPPORTUNITY, DIVERSE TENANT MIX
336-340 Broad St represents an immediate value-add opportunity. The asset is fully leased to a variety of tenants including software / data company Baker Street Scientific, healthcare property service provider Adams Management, as well as two retail tenants Rome Council for the Arts and Soothing Source (the retail address is 8 E 4th Ave). While Jefferson’s and Adams Management have short lease terms until 2026 and 2027, respectively, all other leases are on a month-to-month basis, allowing an investor to immediately unlock value by extending the leases on market terms.
BEST IN-CLASS ASSET, PRIME DOWNTOWN LOCATION
Originally constructed in 1901, the asset has been masterfully maintained and is widely regarded as one of the highest quality office buildings in Rome. 336-340 Broad St boasts high ceilings, ornate hardwood flooring and brick walls, and Class A office space. In addition to the exceptional buildout quality, the asset is located in the heart of historic downtown Rome, boasting multiple walkable dining and retail options.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
