1302 Walnut St, Paris, AR 72855-4128
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.