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    OFF-MARKET
    Retail space

    1302 Walnut St, Paris, AR 72855-4128

    991 SF 0.07 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US05-1643540
    Property summary
    AI-generated overview

    This 991-square-foot commercial building in Paris, Arkansas, presents a unique investment opportunity. Located at 1302 E Walnut St, the property sits on a sizable lot (approximately 2,975 square feet, 35x85). The building features two awnings, two central air/heat units, and a bathroom with a toilet and sink. Additional interior space includes a storage room/office with a hand-washing sink, a three-bay aluminum wash sink, a utility sink, a refrigerator, and a small electric water heater. The front entry has a small step-up due to uneven sub-flooring. The flooring consists of linoleum and peel-and-stick industrial tile at the front entry. Two new ceiling fans have been installed. Exterior features include a red iron gate, a four-inch diameter white-painted iron pole for signage, two rock flower beds, a pecan tree, and a partial four-foot chain-link fence. The property requires roof and ceiling repairs due to storm damage sustained in 2020. The asking price is $83,000. This property is ideal for an owner-operator seeking a cost-effective space with potential for renovation and customization. The property's location in Paris, AR, offers access to local amenities and a growing community. The substantial lot size provides ample space for expansion or outdoor use. While needing some repairs, this building offers significant potential for a savvy investor.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 991 SF
    Lot 0.07 ac (2,962 SF)
    APN 900-01394-000
    UPID US05-1643540
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    MARITA COOPER
    MARITA COOPER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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