Signalized Corner Redevelopment
350 NW 1st Paris, TX 75460
350 NW 1st, Paris, TX, 75460
$495,000
For Sale
$495,000
COMMERCIAL - Paris, TX
Property Size2,479 SF
Lot Size0.92 Acres
Price / SF$199.68
Days on Market20
Property Features for 350 NW 1st
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 14021
- Lot size
- 0.92 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile
- Building materials
- Brick, MetalSiding
- Roof type
- Flat, Metal
Listing Agency
Nathan Bell Property Management and Rentals, LLC
(903) 785-5578
Paris, TX
Listed by
Nathan Bell IV · License #0155615
(903) 785-5578
Added: Jul 1 Updated: Jul 12 at 6:33 pm Checked: Jul 20 at 9:06 pm
MLS# 20804519
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Commercial land at a signalized hard corner in Downtown Paris, Texas, offering approximately 0.9205 acres of ready-to-build space plus a +/-2,479 SF former restaurant building on-site. The property includes existing restaurant equipment that will convey with the sale, though its condition is unknown.
Frontage and access are available on three streets: North Main (Hwy 217 N Business), Graham Street, and 1st Street NW. Subdivision is available, and a survey is on file.
Traffic counts from the nearest TxDOT sources indicate strong downtown presence, including approximately 10,300 vehicles per day about a half-mile north on N. Main and about 3,400 vehicles per day about a tenth-mile south, with roughly 7,700 vehicles per day on Graham Street just east (AADT, 2023–2025). Volumes at the corner may vary.
Frontage and access are available on three streets: North Main (Hwy 217 N Business), Graham Street, and 1st Street NW. Subdivision is available, and a survey is on file.
Traffic counts from the nearest TxDOT sources indicate strong downtown presence, including approximately 10,300 vehicles per day about a half-mile north on N. Main and about 3,400 vehicles per day about a tenth-mile south, with roughly 7,700 vehicles per day on Graham Street just east (AADT, 2023–2025). Volumes at the corner may vary.
Key Highlights
- ±2,479 SF former restaurant built in 1979
- Situated on a signalized hard corner with frontage and access on 3 streets: N Main (Hwy 217 N Business), Graham St, and 1st St NW
- Nearly 1 acre of open, ready‑to‑build land for outdoor seating, expansion, a second pad, or redevelopment
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 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.87M
$1.63M – $2.18M
NOI $130,705 @ 7.0% cap · market cap 26.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Nearly one-acre commercial corner lot with frontage on three streets and a former restaurant building on-site.
Where is this commercial land located?
The property is located at 350 NW 1st Paris, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: ±2,479 SF former restaurant built in 1979; Situated on a signalized hard corner with frontage and access on 3 streets: N Main (Hwy 217 N Business), Graham St, and 1st St NW; Nearly 1 acre of open, ready‑to‑build land for outdoor seating, expansion, a second pad, or redevelopment
