Formerly a daycare, this versatile 11,000+ SF commercial property sits on 1+ acre with dual road frontage in a Multi-Family Dwelling District. The functional layout includes 12 private rooms with full baths, office areas, a commercial kitchen, laundry, and multiple flex spaces, creating endless end-use potential for multi-family conversion, co-working, flex office suites, medical or wellness, senior-focused services, hospitality group lodging, or community training space. Centrally located near downtown, shopping, and medical centers, it supports strong lease demand and long-term value. Current income supports an estimated 10% cap rate with upside potential, and the property is located in a Texas Opportunity Zone offering potential tax incentives.
Property Details
- Interior
- Built In Features
- Cooling
- 1
- Heating
- Electric
- Cooling Features
- Central Air
- Bedrooms
- 12
- Bathrooms
- 12.5
- Full Baths
- 12
- Half Baths
- 1
- Lot Features
- Acreage, Backs To Greenbelt Park, Landscaped, Few Trees
- Lot Description
- Acreage, Backs To Greenbelt Park, Landscaped, Few Trees
- Acres
- 0.0
- Lot Size (sqft)
- 1.068
- Parking Features
- Attached Carport, Additional Parking, Circular Driveway, Carport, Driveway
- Parking Spaces
- 12.0
- Parking Type
- Garage
- Property Type
- Multi-Family
- Year Built
- 1960
- Foundation
- Slab
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Available, Electricity Connected, Overhead Utilities, Sewer Available, Separate Meters, Water Avail
- Appliances
- Some Gas Appliances, Plumbed For Gas
- Subdivision
- City Of Paris
- Community Features
- Sidewalks
- School District
- Paris ISD
- Elementary School
- Aiken
- Middle School
- Crockett,Travis
- High School
- Paris
- County
- Lamar
- Region
- Paris
- Days on Market (Cumulative)
- 138
- Taxes Annual
- $21,206
Location
Legal
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Provided By
Listed by Shannon Miles (#0734748)
Listing Office: EXP REALTY (#PXE01C)
