South Roan Center / Investment Property

2506 South Roan Johnson City, TN 37601

2506 South Roan, Johnson City, TN, 37601
2506 South Roan, Johnson City, TN, 37601
FOR SALE
Property Type:
Neighborhood Center
Amount:
$1,000,000 to $2,000,000
Cap Rate:
10.00%
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.

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Map of 2506 South Roan, Johnson City, TN, 37601

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.