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    2948 Wood St - Paris, TN 38242

    Sponsored
    For Sale
    $275,000

    2.85 Acres, High Visibility Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 2.85-acre commercial lot presents a rare opportunity in the thriving Paris, Tennessee market. Located at 2948 E Wood St - Lot 2, this property boasts a highly desirable location, situated between established businesses: Stockdale's and a Farm Bureau office. This strategic positioning ensures excellent visibility and accessibility for any commercial venture. The lot is part of a larger parcel (Map 87, parcel 99.03), designated as Lot 2 of 3, offering significant potential for development. The expansive acreage provides ample space for a variety of commercial uses, from retail establishments and restaurants to office buildings and light industrial facilities. Given its prime location and substantial size, this property is ideally suited for businesses seeking high visibility and convenient access to a strong customer base. The existing infrastructure and proximity to established businesses create a supportive environment for new development. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land offers. The asking price is $275,000. Don't miss this chance to secure a prominent location in a growing community.

    Property Features for 2948 Wood St -

    General Information

    Property type
    Other commercial real estate
    Lot Size
    124,146 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Henry County, TN
    State
    Tennessee
    Longitude
    -88.26927
    Latitude
    36.32724

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    FAQs

    What type of property is this?
    Commercial real estate - 2.85 Acres, High Visibility Location
    Where is this commercial real estate located?
    The property is located at 2948 Wood St - Paris, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    (615) 595-5883
    Request Owner's contact information
    2948 Wood St - Paris, TN 38242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2948 Wood St - Paris, TN 38242
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