This property is Off-Market
2406 N. Roan St
Johnson City, TN 37601 ·
114 Rooms · Hotel & Motel For Sale
Best Western Plus Hotel
|Price||N/A||Property Sub-type||Full Service|
|No. Rooms||114||Property Use Type||Investment|
|Building Size||60,000 SF||Cap Rate||13%|
|Property Type||Hotel & Motel||Corridor||Interior|
|Listing ID: 17832057||Date Created: 09/14/2012||Last Updated: 09/14/2012|
Fully Renovated as of Feb 2012!! Complete renovation which included all FF&E, soft goods, 37' flat panel tvs, new signs, new granite vanities, new granite topped furniture, and much more .Beautifully renovated 4000 sq foot banquet hall as well. No PIP anticapated, 5K transfer fee to BW. Upgraded to Plus Designation. Property did 1.5m rr 2011 inspite of year long demo and reno going on. Projected to do 1.7m rr this year!!! Property comes with upscale Asian/Thai restaurant with 10 year lease and pays 4k per month as wel!!. Property will stabalize at 2m r.r. Will do owner financing with 30% down. Serious inquiries only please. Do not contact staff.
Right off I-26, full visibilty from interstate, Johnson City is a vibrant and booming city in East TN. Part of the Tri Cities.
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