2406 Roan St Johnson City, TN 37601-1704
- Motels
- 17,614 SF
- 3.12 lot acres
Mar 11, 2024
Current Use by Public Records
- Best Western Johnson City Hotel & Conference Center / Hotel
- Days Inn & Suites by Wyndham Johnson City / Hotel / Inn
Property Details for 2406 Roan St
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.12 lot acres
- Property size
- 17,614 SF
- Zone code
- B4
- Property type
- Motels
- APN
- 038H C 00600
- APU
- 038HC00600
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
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
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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
