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Property profile & analytics
OFF-MARKET
Land

69 Memorial Dr Paris, TN 38242

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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