Property profile

1302 Walnut St Paris, AR 72855

OFF-MARKET
Retail space
Property ID
US05-1643540
991 SF 0.07 ac lot
Individually Owned Absentee Owner Free & Clear
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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

Location

1302 Walnut St Paris, AR 72855-4128
Paris metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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