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    FOR SALE
    Strip malls

    114 N Elm St, Paris, AR 72855

    4,700 SF 0.11 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US05-1598019
    Property summary
    AI-generated overview

    This exceptional commercial property in Paris, AR, presents a unique investment opportunity. Located on 0.16 acres across from a major bank, this four-unit building offers high visibility and accessibility. The property includes two adjacent parcels and features four separate rental spaces, each with its own updated bathroom, new awnings, storm doors, and lighting. A brick firewall and two separate entrances ensure tenant privacy and safety. Ample parking is available in the side and rear lots, which convey with the building. The building's historic charm is complemented by recent updates, providing a solid foundation for new owners to personalize and enhance. Previously occupied by a variety of businesses, including retail stores, offices, and salons, this property offers diverse income potential. Its prime downtown location, adjacent to the bustling square, guarantees high foot traffic and visibility. This is a rare chance to acquire a piece of Paris's history and build a successful future. The property's versatility makes it ideal for both owner-occupancy and rental income generation. Don't miss this chance to own a thriving commercial property in a vibrant community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Total area 4,700 SF
    Lot 0.11 ac (4,748 SF)
    APN 900-01191-000
    UPID US05-1598019
    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
    Current use
    Occupant on record · Public records
    • Sew Charming (Bike/Boat/Book/etc) Store Home Decor Store
    • Tootsie Toes Photography (Bike/Boat/Book/etc) Store Photography Service
    • Simply Shy Boutique Clothing & Fashion Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    LBJP CRENSHAW LLC
    LBJP CRENSHAW LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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