69 Memorial Dr Paris, TN 38242
This exceptional 3,049,200 square foot commercial land parcel presents a unique investment opportunity in Paris, Tennessee. Situated within city limits, this is the last available tract of its kind. The property is conveniently located on Hwy 69 Memorial Dr, in Henry County, zip code 38242 (36.2834829, -88.2962172). Zoned for a variety of uses, this expansive lot offers significant flexibility for developers and investors. Approved uses include farm/agricultural purposes, allowing for horses and cattle (other livestock excluded), as well as residential building or residential development. The asking price is $375,000. Owner financing is available, with down payment terms tailored to individual creditworthiness. For comprehensive details on city permits and building restrictions, interested parties are encouraged to consult the Paris, TN city website (building codes section) or contact the city's building inspector. This is a rare chance to acquire a substantial land holding in a desirable Tennessee location with diverse development potential. Don't miss this opportunity to secure a prime piece of Paris real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.