2705 Lamar Avenue new Save Request In-Person Tour Request Virtual Tour
Paris,TX 75460
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision City Of Paris
MLS Listing ID 20927026
Year Built 1998
Annual Tax Amount $3,849
Lot Size 7,361 Sqft
Property Sub-Type Retail
Property Description
Excellent opportunity to invest in a fully leased, income-producing retail property located on a corner lot on bustling Lamar Avenue, one of Paris' primary commercial corridors. This high-visibility location sits at the crossroads of the city's residential and commercial zones, ensuring consistent traffic and strong tenant appeal.
Property Highlights:
• 100% occupied with two established tenants
• Front retail space leased to long-term franchise tenant Papa Murphy's
• Warehouse space leased by Main Trading Company, a known local business
• Situated on a high-traffic thoroughfare with excellent street frontage and accessibility
This turnkey investment offers stable cash flow and minimal management, making it ideal for both seasoned and new investors seeking a strategic asset in a thriving location. Papa Murphys franchise owners throughout the years have been leasing this space almost 15 years, with current franchise owners leasing since 2021. Main Trading Company has been leasing the warehouse for 10 years.
Location
State TX
County Lamar
Zoning Retail
Interior
Heating Central,Electric,Heat Pump
Cooling Central Air,Electric
Flooring Ceramic Tile,Other
Exterior
Utilities Available All Weather Road,Alley,Cable Available,City Sewer,City Water,Concrete,Curbs,Electricity Connected,Individual Water Meter,Phone Available,Sidewalk
Roof Type Metal
Building
Lot Description Acreage,Corner Lot
Foundation Slab
Structure Type Brick,Steel Siding
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Survey Available,Utility Easement
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20927026