1302 Walnut StParis, AR 72855

Property Details for 1302 Walnut St

Lot size

0.07 AC

Property size (Sq ft)

991 SF

Property type

Retail space

APN

900-01394-000

APU

90001394000

Description

This 991-square-foot commercial building in Paris, Arkansas, presents a unique investment opportunity. Located at 1302 E Walnut St, the property sits on a sizable lot (approximately 2,975 square feet, 35x85). The building features two awnings, two central air/heat units, and a bathroom with a toilet and sink. Additional interior space includes a storage room/office with a hand-washing sink, a three-bay aluminum wash sink, a utility sink, a refrigerator, and a small electric water heater. The front entry has a small step-up due to uneven sub-flooring. The flooring consists of linoleum and peel-and-stick industrial tile at the front entry. Two new ceiling fans have been installed. Exterior features include a red iron gate, a four-inch diameter white-painted iron pole for signage, two rock flower beds, a pecan tree, and a partial four-foot chain-link fence. The property requires roof and ceiling repairs due to storm damage sustained in 2020. The asking price is $83,000. This property is ideal for an owner-operator seeking a cost-effective space with potential for renovation and customization. The property's location in Paris, AR, offers access to local amenities and a growing community. The substantial lot size provides ample space for expansion or outdoor use. While needing some repairs, this building offers significant potential for a savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $126,989

  6.5%

  $117,221

  7%

  $108,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $178,633

  Geo Method

  $178,633

• Alternative Use

  Use

  Valuation

  Residential

  $98,880

  Hospitality

  $90,574

  Educational

  $75,356

  Medical

  $77,948

  Retail

  $117,221

Location Insight

City

Paris

County

Logan

State

Arkansas

Latitude

35.2918

Longitude

-93.7186

Property Tax & Assessments

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