324 Broad St. sells for $400,000 as red-hot January continues downtown: Yet another big sale in downtown Rome so far this month, this time in the 300 block. Bill Temple and Jeb Arp, both with Toles, Temple & Wright, handled both sides of the deal.
Built in 1901, the former law offices and now Allstate location (Hitchcock Insurance Co.) had been on the market for nearly 600 days. The asking price had been $449,900 but came down to $425,000 in September. It features 3,920 square feet under roof.
It continues a pretty brisk selling trend on Broad Street that started several months ago with Roger Manis‘ purchase of the Georgia Power building for $1.6 million.
Last week, two neighboring buildings in the Cotton Block sold. 113 Broad St., currently the home of marketing operations for The Spires at Berry College, was sold byToles, Temple & Wright representing the seller (Ed Hine) while Harvey Given Co. represented the buyer, Dulaney Holding Co. It is the site that has the parking lot facing Second Avenue with access off both Broad and West First Street. Dulaney also purchased the adjoining building, the home of World Finance, at 111 Broad St. Harvey Given represented both buyer and seller; the deal closed for $450,000. And just before that, 206 and 208 Broad St. sold.
And more due? Dempsey Auction Co. represented the owners trying to sell 116 and 118 Broad St. at auction Friday morning but the auction was halted as no bids of $250,000 or more were received. A solid turnout of would-be buyers were on hand. Negotiations are continuing. Details: 800-336-7739.