US Highway 19E, Roan Mountain, Tennessee, United States

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Home For Sale

$189,500

US Highway 19E
Roan Mountain, Tennessee, United States

4bd 4.5ba

Listed By: Realtyww Info

Listed On: 08/23/2024

Listing ID: GL11518136 View More Details

Description

Investment opportunity! This unique property offers a prime investment opportunity in the heart of Roan Mountain, TN. The downstairs space is ideal for a retail business, perfectly positioned to attract both locals and tourists alike. Upstairs, the property features four spacious apartments, each boasting two bedrooms, four bathrooms, a generously sized living room, and a full kitchen. These well-appointed units are perfect for long-term tenants or vacation rentals, providing a steady income stream; estimated annual income at $50, 000. Roan Mountain is part of the Johnson City Metropolitan Statistical Area, which is included in the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area, commonly known as the Tri-Cities region. This area is rich in culture and history, attracting visitors year-round. One of the key highlights of Roan Mountain is the annual Rhododendron Festival, held each summer at Roan Mountain State Park. The festival is a major draw, featuring traditional foods, locally handmade crafts, and performances by Southern Appalachian musicians. Visitors also flock to the festival to see the stunning catawba rhododendron gardens, which reach their peak bloom in late June. Don't miss out on this exceptional property that combines commercial potential with residential income in a beautiful and culturally vibrant location.

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Listed by: Debra Elliott-wade