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$495,000

350 1st St Nw, Paris, TX, 75460

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,785 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1979

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCeramic Tile

Exterior

Lot Size15,551 sqft

Building Information

Year Built1979
Stories1

Land Information

APN14021
Lot Number5-7
SubdivisionCity Of Paris
Land UseCommercial
Legal DescriptionCITY OF PARIS, BLOCK 41-A, LOT 5,6 & 7, 350 NW 1ST
Census Tract000600
Assessed Land Value$33,600
Assessed Improvement Value$97,190
Assessment Year2025

About this property

One of Downtown Paris's best corners is open! The ±2,479 SF former restaurant sits on just a small part of this signalized hard corner, leaving nearly an acre of open, ready-to-build land — room for outdoor seating, expansion, a second pad, or full redevelopment. With frontage and access on three streets, North Main (Hwy 217 N Business), Graham Street, and 1st Street NW, parking is never a concern. That flexibility suits an owner-operator and a developer alike: bring a restaurant, retail or service concept, a medical or office use, or build new from the ground up. Subdivision is available; survey on file. As the county seat of Lamar County, Paris is the commercial, medical, and retail hub of the Red River Valley. Merchants draw from a 50–60-mile trade area across Northeast Texas and Southeast Oklahoma, far larger than the city's own population. On a corner like this, that market drives past your door every day. Get started today with your new business in beautiful Downtown Paris, Texas!

Investor Tools

$0Estimated Mortgage Balance
$130,790Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

Interested in this property?

Nathan Bell IV

Nathan Bell Property Management and Rentals, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,751
$130,790
2025
$33,600
$97,190
$130,790
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,751
$130,790

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$130,790
100%
0%
$0/mo

City: Paris

350 1st St Nw | Property Details | No Agent List