2506 South Roan Street, JOHNSON CITY, TN 37604
Commercial property for sale
Contact info
- 423-282-1176 [Office]
Description
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 Anchor Space (current occupant - Salvation Army) 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.
Property Details
- Building Name:South Roan Shopping Center
- Type: Retail
- Use Types:Strip Center
- Status: Available
- MSA: Johnson City
- Zoning: B4
- Buildings: 2
- Tenancy: Multiple Tenants
Terms
- Cash to Seller