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.
| MLS # | 21237120 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 148 |
| Listing Provided By | EXP REALTY | Shannon Miles |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 13 Total |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 1 |
| Acreage | 1.07 |
| Cooling | Central Air |
|---|---|
| Heating | Electric |
| Interior Features | Built-in Features |
| Appliances | Plumbed For Gas in Kitchen |
| Roof | Composition |
|---|---|
| Security Features | Fire Sprinkler System, Smoke Detector(s) |
| Construction Materials | Brick |
| Foundation Details | Slab |
| Lot Features | Acreage, Adjacent to Greenbelt, Few Trees, Landscaped |
| Parking Features | Additional Parking, Attached Carport, Carport, Circular Driveway, Driveway |
|---|
| Utilities | Cable Available, City Sewer, City Water, Co-op Electric, Electricity Connected, Gravel/Rock, Individual Water Meter, Overhead Utilities, Sidewalk |
|---|
| Unexempt Taxes | 21206 |
|---|---|
| Tax Lot | 9-A |
| Tax Block | 220-A |
| Tax Legal Description | CITY OF PARIS, BLOCK 220-A, LOT 9-A & 6, 1905 E PRICE |
| State | TX |
|---|---|
| County | Lamar |
| City | Paris |
| Zip Code | 75460 |
| Area | Lamar |
| Community Name | City Of Paris |
| School District | Paris ISD |
| Elementary School | Aiken |
| High School | Paris |
| Listing VS Median (in City Of Paris) | |
Price: $895,000 low | high Med: $195,000 On site: 148 low | high Med: 12 | |
| State | TX |
|---|---|
| County | Lamar |
| City | Paris |
| Zip Code | 75460 |
| Area | Lamar |
| Community Name | City Of Paris |
| School District | Paris ISD |
| Elementary School | Aiken |
| High School | Paris |
| Listing VS Median (in City Of Paris) | |
Price: $895,000 low | high Med: $195,000 On site: 148 low | high Med: 12 | |