Updated Commercial Building on
2301 N Main Street Paris, TX 75460
2301 N Main Street, Paris, TX, 75460
$649,000
For Sale
$649,000
8,077 SF updated building on 2+ acres.
Property Size8,077 SF
Lot Size2.00 Acres
Price / SF$80.35
Days on Market91
Property Features for 2301 N Main Street
General Information
- Standard status
- Active
- Size
- 8,077 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
Janet Martin Realty
(903) 885-1234
Listed by
Tom Hendricks · License #0721107
(903) 438-6925
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18 pm Checked: Jul 20 at 4:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Janet Martin Realty
Investment Insights
Based on property information with market context.
This updated 8,077 square foot building is situated on over 2 acres. The property is located near the intersection of Highway 271 and Loop 286, which sees an average of over 13,000 vehicles daily. The property is zoned light commercial (L1), allowing for various uses such as retail, office, warehouse, or investment opportunities. The building features high ceilings and an updated HVAC system, which was completely updated in 2020. The electrical system was also updated in 2020 to meet local and state codes. Natural gas, sewer, and water are connected. The large lot is graveled and fenced, with a gate at the front. There is ample parking in front of the building, with over 1 acre of additional parking space available. The additional space can also be used for additional building space. The property offers room for parking, equipment, trucks, and storage, with space for additional businesses to increase revenue.
Key Highlights
- Prime location near Hwy 271 & Loop 286 with high traffic (13,000+ vehicles daily).
- Large 8077 sq ft updated building on over 2 acres.
- Ample parking space with over 1 acre available for additional building space/income.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.9k | $8.04 |
| − Vacancy | −$6.0k | −$0.75 |
| EGI | $58.9k | $7.29 |
| − OpEx | −$8.8k | −$1.09 |
| NOI | $50.1k | $6.20 |
8,077 SF · lease $8.04/SF/yr · vacancy 9.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.33M
NOI $139,571 @ 7.0% cap · market cap 21.51%
Second Best
Retail
$1.92M
$1.68M – $2.23M
NOI $134,065 @ 7.0% cap · market cap 20.66%
Theoretical Best
Hotel Hospitality
$6.08M
$5.32M – $7.10M
NOI $425,860 @ 7.0% cap · market cap 65.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 8,077 SF updated building on 2+ acres.
Where is this mixed-use property located?
The property is located at 2301 N Main Street Paris, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime location near Hwy 271 & Loop 286 with high traffic (13,000+ vehicles daily).; Large 8077 sq ft updated building on over 2 acres.; Ample parking space with over 1 acre available for additional building space/income.
