1905 E Price Street, Paris, TX 75460
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1905 E Price Street, Paris, TX 75460
1905 E Price Street, Paris, TX 75460
1905 E Price Street, Paris, TX 75460
1905 E Price Street, Paris, TX 75460
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Shannon Miles

Shannon Miles

+1(469) 588-8395
$ 990,000
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1905 E Price Street Paris, TX 75460

1.07 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Subdivision City Of Paris

MLS Listing ID 21093623

Total Fin. Sqft 11317

Year Built 1960

Annual Tax Amount $21,206

Lot Size 1.068 Acres

Acres 1.068

Property Sub-Type Hotel/Motel

Property Description

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.

Location

State TX

County Lamar

Zoning Residential Multi-Family

Direction From US 82 into Paris, take NE Loop 286 to the FM 195 20th St NE exit. Follow FM 195 to the ramp to US 271 N, merge onto Summit Ave, turn left onto E Price St—105 E Price St is on the left.

Interior

Heating Electric

Cooling Central Air

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Utilities Available Cable Available, City Sewer, City Water, Co-op Electric, Electricity Connected, Gravel/Rock, Individual Water Meter, Overhead Utilities, Sidewalk

Roof Type Composition

Accessibility Accessible Approach with Ramp, Accessible Bath - Full, Meets ADA Requirements

Garage No

Building

Lot Description Adjacent to Greenbelt, Few Trees, Landscaped

Foundation Slab

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21093623

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Listed by Shannon Miles • EXP REALTY

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1905 E Price Street