Paris, TX 75460 2705 Lamar Avenue
$369,000
6 more
Presented By: Kristina House with Landmark Real Estate Group;
Home Details
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.
Presented By: Kristina House with Landmark Real Estate Group;
Interior Features for 2705 Lamar Avenue
Other Interior Features
SQFT Gross2340
Lock Box TypeNone
FlooringCeramic Tile, Other
Occupancy Rate100
Total Stories1
Total Units2
General for 2705 Lamar Avenue
Accessibility FeaturesAccessible Approach with Ramp, Accessible Doors, Accessible Entrance
Average Monthly Lease2342
Building UseRetail, Storage Warehouse
Business TypeOther
Ceiling Height8 to10 Feet
CityParis
Construction MaterialsBrick, Steel Siding
CoolingCentral Air, Electric
CountyLamar
DirectionsCorner of Lamar Avenue and 27th Street NE across from CEFCO
Exclusionsfurniture fixtures and equipment - belongs to tenant
Gross Annual Expenses10665.00
HeatingCentral, Electric, Heat Pump
Insurance Expense6816
Listing Terms1031 Exchange, Cash, Conventional
Number Of Leaseable Spaces2
Number Of Spaces Leased2
Occupant NamePapa Murphys and Main Trading Co
Occupant TypeTenant
Operating Expense IncludesMaintenance, Maintenance Grounds, Maintenance Structure, Trash
Owner PaysExterior Maintenance, Grounds Care
PossessionClosing/Funding
Property SubtypeRetail
Property TypeCommercial Sale
RoofMetal
Security FeaturesSecurity System Leased
Special NotesSurvey Available, Utility Easement
Standard StatusActive
StatusActive
Subdivision NameCity Of Paris
Tenant PaysAll Utilities, Insurance, Taxes
Unexempt Taxes3849
UtilitiesAll Weather Road, Alley, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Water Meter, Phone Available, Sidewalk
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1998
Year Built DetailsPreowned
Zoning DescriptionRetail
Exterior for 2705 Lamar Avenue
Building Area Total2340.00
Foundation Slab
Freight DoorsNo Dock
Lot FeaturesAcreage, Corner Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1690
Lot Size Area0.1690
Lot Size Dimensions52x139
Lot Size SourcePublic Records
Lot Size Square Feet7361.6400
Lot Size UnitsAcres
Parking FeaturesAlley Access, Garage Faces Rear, Garage Single Door, On Site, Parking Lot, Paved, Shared Driveway
Road Frontage TypeCity Street
Additional Details
Price History
Katie Edwards
Realtor