Former Restaurant on Large
350 NW 1st Paris, TX 75460
350 NW 1st, Paris, TX, 75460
$579,000
For Sale
$579,000
Former restaurant with ample parking in downtown Paris, Texas.
Property Size2,479 SF
Lot Size1.00 Acre
Price / SF$233.56
Days on Market91
Property Features for 350 NW 1st
General Information
- Standard status
- Active
- Size
- 2,479 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing Agency
Nathan Bell Property Management and Rentals, LLC
(903) 785-5578
Listed by
Nathan Bell IV · License #0155615
(903) 517-2026
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18 pm Checked: Jul 19 at 5:17 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 Nathan Bell Property Management and Rentals, LLC
Investment Insights
Based on property information with market context.
The property, formerly a restaurant, is situated on over one acre and benefits from high traffic volume. The site offers multiple access points from North Main (Highway 217 North Business), Graham Street, and 1st Street North West, ensuring parking is readily available. Located in downtown Paris, Texas, this 2479-square-foot property presents an opportunity for establishing a new business. A survey is on file.
Key Highlights
- High traffic count location
- Over 1 acre property size
- Ample parking with multiple access points
Local Financial Insights For Specialty Retail
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 | $61.9k | $24.96 |
| − Vacancy | −$3.1k | −$1.25 |
| EGI | $58.8k | $23.71 |
| − OpEx | −$14.7k | −$5.93 |
| NOI | $44.1k | $17.78 |
2,479 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$629.8K
$551.1K – $734.8K
NOI $44,087 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.87M
$1.63M – $2.18M
NOI $130,705 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- TFT Catering and Event Planning — 123 Clarksville St, Paris, TX 75460
FAQs
What type of property is this?
Restaurant - Former restaurant with ample parking in downtown Paris, Texas.
Where is this restaurant located?
The property is located at 350 NW 1st Paris, TX.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: High traffic count location; Over 1 acre property size; Ample parking with multiple access points
