2920 Roan StJohnson City, TN 37601
- Office properties
- 3,065 SF
Property Details for 2920 Roan St
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.56 AC
- Property size (Sq ft)
- 3,065 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 038A A 02005
- APU
- 038AA02005
Description
This single-tenant office building, located at 2920 N Roan St in Johnson City, TN 37601, offers 3,065 square feet of versatile space. Built in 1974 and renovated in 2005, the property sits on a 0.56-acre lot and is zoned for commercial use. The one-story building is ideal for a variety of office uses, including traditional, executive, medical, or creative office spaces. The property's current tenant is vacating, presenting an excellent opportunity for a new business to establish itself in this prime location. The property features a single tenancy, simplifying occupancy and management. The building's suitability for a new tenant is subject to the owner's approval. The property's Assessor's Parcel Number (APN) is 038AA 020.05. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a desirable Johnson City location. The property's size and zoning make it suitable for a range of businesses seeking a convenient and established space. The transition from the previous tenant to a new occupant should be straightforward. The property's location offers easy access to local amenities and transportation routes.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $591,459
- 6.5%
- $545,962
- 7%
- $506,964
-
Comparable approach
- Method
- Valuation
- Relative Method
- $252,341
- Geo Method
- $252,341
-
Alternative Use
- Use
- Valuation
- Residential
- $676,993
- Hospitality
- $620,122
- Educational
- $515,934
- Medical
- $533,678
- Retail
- $802,564
Location Insight
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Latitude
- 36.3589
- Longitude
- -82.3856
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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