2406 Roan St, Johnson City, TN 37601-1704
- Motels
- 17,614 SF
- 3.12 lot acres
Current Use by Public Records
- Best Western Johnson City Hotel & Conference Center / Hotel & Motel
- Days Inn & Suites by Wyndham Johnson City / Hotel & Motel
Property Details for 2406 Roan St
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.12 lot acres
- Zone code
- B4
- Property type
- Motels
- APN
- 038H C 00600
- APU
- 038HC00600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 25, 2026 | — | Timothy Jenkins | Timothy Jenkins | Deed · related | — |
| Nov 7, 2024 | — | Richard Andrew Hillesheim | Mcquain Investments LLC | Quitclaim Deed · related | — |
| Mar 11, 2024 | — | Kimberly Dawn Marden | Robert J Detroye | Quit Claim Deed · related | — |
| Nov 9, 2023 | — | Robert J Detroye | Robert J Detroye | Intrafamily Transfer · related | — |
| Nov 6, 2020 | — | Marc A Aiken | Marc A Aiken | Quit Claim Deed · related | — |
| Dec 22, 2011 | — | S & S Hospitality LLC | Bakshi,brijmohan | Quit Claim Deed · related | — |
| Aug 17, 2010 | $3,100,000 | Brijmohan Bakshi | Tri-hotels INC | Warranty Deed | $500k · Malhotra S Living Tr (pt) |
| Nov 16, 2009 | — | Tri Hotels INC | — | Trustees Deed · related | $150k · Branch Banking & Trust Co |
| May 7, 1997 | $2,550,000 | Shiva Properties LP | Unknown | Grant Deed | $250k · Commonwealth Community Bank |
| Apr 18, 1995 | $2,550,000 | Rjva Enterprises INC | — | Deed Of Trust · related | — |
| May 17, 1993 | $3,055,918 | Lw-ssp2, | Unknown | Grant Deed | — |
| Aug 12, 1992 | $4,513,651 | First Hotel Investment | Unknown, | Grant Deed · related | — |
Description
This exceptional commercial property in Johnson City, Tennessee, presents a significant investment opportunity. Located at 2406 N Roan St, this 4.91-acre site comprises two separate parcels, offering considerable flexibility for future development or redevelopment. The property boasts 68,424 square feet of existing space distributed across three buildings, currently housing a restaurant, bar, and hotel. Ample parking is provided with a 175-car lot. The property benefits from a high-traffic location, with over 68,000 vehicles daily passing from Interstate 26 and an additional 25,000 vehicles daily from North Roan Street. Its B4 zoning allows for a wide range of commercial uses. The asking price is $5,200,000, translating to $76 per square foot. Built in 1983, the property is identified by APN 038h C 006.00/038h C 006.04. This prime location and versatile zoning make this an attractive proposition for investors seeking significant returns in a thriving commercial area. All information should be independently verified by prospective buyers.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,315,000
Market price range: $250k - $1.32M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $750,000 Current use
- RETAIL STORES
- $1,575,000 Change: +110% Conversion: Difficult
- MEDICAL BUILDING
- $1,450,000 Change: +93% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,240,000 Change: +65% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,230,000 Change: +64% Conversion: Difficult
- RESTAURANT
- $1,165,000 Change: +55% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.3783
- Latitude
- 36.3496
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
