This property is Off-Market

2406 N. Roan St
Johnson City, TN 37601 ·

114 Rooms · Hotel & Motel For Sale

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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

Description

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.

Research

2406 N. Roan St, Johnson City, TN 37601 (Washington County)

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