Multi-Level Restaurant and Event
4903 N Roan Street Johnson City, TN 37615
For Sale
$650,000
COMMERCIAL - Johnson City, TN
Property Size5,524 SF
Lot Size1.84 Acres
Price / SF$117.67
Days on Market50
Property Features for 4903 N Roan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 4
Standard status
Active
APN
021 049.04
Size
5,524 SF
Lot size
1.84 Acres
Taxes and HOA fees
Tax Annual Amount
2928
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1984
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Foundation Realty Group
(423) 218-9554
Listed By:
Alexis P Greene · License #362014
(423) 773-4555
Added: Jun 10
Changed: Jul 9
Last Checked: Jul 29 at 4:06AM
MLS# 9996714
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-level restaurant and event venue offers more than 5,500 finished square feet across three levels. The lower level includes a full-service bar area, and the property is equipped with a commercial kitchen featuring a walk-in cooler, walk-in freezer, and pizza oven. Interior gathering spaces and notable design elements include rough-sawn lumber accents and floating staircases. Exterior improvements include expansive decking for outdoor seating, a stage, and a large gravel parking and gathering area. A creek flows through the property, creating a distinctive outdoor experience.
The property is positioned for visibility along Hwy 36, with convenient access approximately two miles from I-26 Exit 17. Zoning is listed as B 4, and the remarks note an established liquor license.
With its built-in hospitality infrastructure—bar, commercial kitchen equipment, and indoor/outdoor gathering areas—this is a turnkey foundation for restaurant and event concepts.
The property is positioned for visibility along Hwy 36, with convenient access approximately two miles from I-26 Exit 17. Zoning is listed as B 4, and the remarks note an established liquor license.
With its built-in hospitality infrastructure—bar, commercial kitchen equipment, and indoor/outdoor gathering areas—this is a turnkey foundation for restaurant and event concepts.
Key Highlights
- Commercial property on 1.84 acres with a creek running through the site.
- Located on Hwy 36 with approximately 14,000 vehicles passing daily; convenient access about 2 miles to I‑26 Exit 17.
- More than 5,500 finished SF across three levels, built in 1984.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $9.00 |
| − Vacancy | −$2.2k | −$0.41 |
| EGI | $47.5k | $8.59 |
| − OpEx | −$14.2k | −$2.58 |
| NOI | $33.2k | $6.02 |
5,524 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,637 @ 7.0% cap · market cap 14.10%
Second Best
Industrial
$474.8K
$415.4K – $553.9K
NOI $33,235 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,068 @ 7.0% cap · market cap 25.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three-level restaurant and bar building with a commercial kitchen, outdoor decking, stage, and creek-side setting on 1.84 acres.
Where is this conventional restaurant located?
The property is located at 4903 N Roan Street Johnson City, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercial property on 1.84 acres with a creek running through the site.; Located on Hwy 36 with approximately 14,000 vehicles passing daily; convenient access about 2 miles to I‑26 Exit 17.; More than 5,500 finished SF across three levels, built in 1984.
