Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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