2707 Lamar AveParis, TX 75460

Property Details for 2707 Lamar Ave

Year built

1998

Lot size

0.05 AC

Property size (Sq ft)

1,961 SF

Property type

Commercial real estate

APN

18427

APU

18427

Description

This exceptional 5,049 square foot commercial property, situated on a 0.8-acre lot at 2707 Lamar Avenue in Paris, Texas, presents a remarkable investment opportunity. The expansive space offers significant versatility, allowing for a multitude of business ventures. Its strategic location within Paris provides excellent accessibility and visibility, making it an ideal choice for entrepreneurs seeking a high-impact commercial presence. The property's substantial size allows for diverse configurations, catering to a wide range of business needs. Whether you envision a single large-scale operation or the potential for multiple tenants, this property offers the flexibility to adapt to your specific requirements. The 0.8-acre lot provides ample space for parking, outdoor operations, or future expansion. Priced competitively at $699,000, this property represents a compelling investment with significant potential for strong returns. Its adaptability and prime location make it a rare find in the Paris commercial real estate market. Serious inquiries are encouraged to explore the possibilities this unique property offers. Don't miss this chance to acquire a versatile and strategically located commercial asset in a thriving Texas community.

• CAP approach

  CAP return

  Valuation

  6%

  $489,446

  6.5%

  $451,797

  7%

  $419,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,819

  Geo Method

  $159,969

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $899,319

  Retail / Commercial

  $459,241

  Mixed-Use / Specialty

  $456,086

  Hospitality / Lodging

  $332,641

  Office

  $451,797

  Institutional / Educational

  $473,604

  Residential Income

  $554,116

  Multifamily

  $672,989

  Automotive / Energy

  $405,946

  Parking / Income-Based Land

  $141,586

  Restaurant / Food Service

  $233,976

  Healthcare / Senior Housing

  $469,264

Location Insight

City

Paris

County

Lamar

State

Texas

Latitude

33.6613

Longitude

-95.5264

CBSA code

37580

CBSA name

PARIS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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