Three-Level Restaurant with
For Sale
$625,000
4903 North Roan St, Johnson City, TN 37615
Commercial kitchen, bar, outdoor decking, stage, and event areas support restaurant and hospitality operations.
Property Size5,524 SF
Lot Size1.84 Acres
Price / SF$113.14
Days on Market51
Property Features for 4903 North Roan St
General Information
Standard status
Active
Size
5,524 SF
Lot size
1.84 Acres
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Patio
Yes
Amenities
creek
stage
Building Details
Year Built
1984
Buildings
1
Stories
3
Listing Agency:
Foundation Realty Group
Listed By:
Alexis P Greene · License #362014
(423) 773-4555
Source:
Thecolinandcarlygroup
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 7 at 1:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundation Realty Group
Investment Insights
Based on property information with market context.
This restaurant property includes 5,524 finished square feet arranged across three levels on 1.84 acres. The interior features rough-sawn lumber details, floating staircases, multiple gathering areas, and a lower-level bar. Restaurant infrastructure includes a commercial kitchen with a walk-in cooler, freezer, and pizza oven. An established liquor license is also in place.
Located at 4903 North Roan St in Johnson City, the property fronts Hwy 36, where approximately 14,000 vehicles pass daily, and sits two miles from I-26 Exit 17. Outdoor improvements include expansive decking, a stage, and a large gravel parking and gathering area. A creek runs through the property, adding a defined natural feature to the event and dining setting.
Located at 4903 North Roan St in Johnson City, the property fronts Hwy 36, where approximately 14,000 vehicles pass daily, and sits two miles from I-26 Exit 17. Outdoor improvements include expansive decking, a stage, and a large gravel parking and gathering area. A creek runs through the property, adding a defined natural feature to the event and dining setting.
Key Highlights
- 1.84‑acre restaurant property with 5,524 finished square feet
- Three‑level building with lower‑level full‑service bar and gathering areas
- Commercial kitchen includes walk‑in cooler, freezer, and pizza oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,235
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,700
$664.7K
Cap Rate 7%
$474,786
$474.8K
Cap Rate 9%
$369,278
$369.3K
Market Conditions
NOI Build-Up for 5,524 SF
Gross rent
$49.7K $9.00/SF
− Vacancy
−$2.2K −$0.41/SF
EGI
$47.5K $8.59/SF
− OpEx
−$14.2K −$2.58/SF
NOI
$33.2K $6.02/SF
Area
Washington County, TN
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,700
Cap Rate 7%
$474,786
Cap Rate 9%
$369,278
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,637 @ 7.0% cap · market cap 14.66%
Second Best
Industrial
$474.8K
$415.4K – $553.9K
NOI $33,235 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,068 @ 7.0% cap · market cap 26.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37615, TN
22,151
Population
9,946
Households
2.2
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
589
Density / Sq Mi
$75,556
Median Household Income
$43,758
Median Earnings
$966
Median Rent
$261,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen, bar, outdoor decking, stage, and event areas support restaurant and hospitality operations.
Where is this conventional restaurant located?
The property is located at 4903 North Roan St Johnson City, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1.84‑acre restaurant property with 5,524 finished square feet; Three‑level building with lower‑level full‑service bar and gathering areas; Commercial kitchen includes walk‑in cooler, freezer, and pizza oven
