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$700,000

1734 N Main St, Paris, TX, 75460

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths4,836 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1997

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Linoleum, Tile, Wood

Exterior

Lot Size21,625 sqft

Building Information

Year Built1997

Land Information

APN11295
Lot Number3
SubdivisionFairview Addition(Clements)
Land UseCommercial
Legal DescriptionFAIRVIEW ADDITION(CLEMENTS), BLOCK 4, LOT 3, 1734 N MAIN. 1734 N MAIN
Census Tract000500
Assessed Land Value$40,750
Assessed Improvement Value$277,450
Assessment Year2025

About this property

Located at 1734 N Main Street in Paris, TX, this 4,836 square foot metal building sits on approximately 0.945 acres and is conveniently located just one-half mile from Highway 271 North. Previously operated as a long-standing lounge and entertainment venue for 28 years, this property offers a turnkey opportunity for entertainment, restaurant, bar, or event use. Sale includes the business and Texas Liquor License to be transferred. The interior is fully equipped with a wood dance floor, stage, stage lighting, stereo system throughout, customer-pay digital jukebox, 4 pool tables, shuffleboard, 2 TVs, and 27 tables with lounge seating. The spacious bar area includes bar stools, fully stocked liquor inventory, display coolers, beer coolers, soda gun, 2 ice wells, and a stocked walk-in beer cooler. Additional equipment included with the sale consists of change machines, cigarette machine, ATM, washer and dryer, refrigerator, microwave, toaster oven, office furnishings, security camera system, and safe. The building also features designated men’s and women’s restrooms. Outside, the property offers a large parking lot with steel parking bumpers and excellent accessibility from North Main Street. This property presents an excellent opportunity for someone looking to continue entertainment operations or repurpose the space for another commercial use. Seller also has MLS#21260974 available for sale.

Investor Tools

$207,302Estimated Mortgage Balance
$111,260Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Jodie Downs

Greb Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,025
$318,200
2025
$40,750
$277,450
$318,200
No

Tax History

Year
Tax Paid
Assessed Value
2022
$7,025
$318,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty National Bank In Paris
Commercial
$225,000
No
First
Nov 17, 2021
Nov 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,302
$110,898
34%
65%
$1,141/mo

City: Paris

1734 N Main St | Property Details | No Agent List