South Roan Center / Investment Property
2506 South Roan
Johnson City, TN 37601
Property Type:Neighborhood Center
Amount:$1,000,000 to $2,000,000
Last Verified:Dec 23, 2015
Great Investment Property!!! The Center sits on 10.7+/- acres. Family Dollar renewed with 9 Years remaining on lease. Other tenants include: LaPerla Mexican Restaurant, South Roan Video and Pawn, Boone Trail Outreach and Salvation Army. Discount Tobacco in free standing bldg. Center Updates total approx $450,000 over the past 5 years. NO Deferred Maintenance! 305 parking spaces ...with 2 acres of unused land for add'l parking spaces totaling up to 440+/- spaces if needed. New Roof installed November 2011 over the 28,000 Sq. Ft (current occupant - Salvation Army) Price reduced by $165,000 if free standing is surveyed off. Owner may consider carrying second mortgage with strong buyer financials. Within 2.5 miles of I-26 Property values in this area are stable to rising Current Income / Expenses available with signed confidentiality agreement.