1905 E Price ST, Paris, TX 75460
1905 E Price ST, Paris, TX 75460
1905 E Price ST, Paris, TX 75460
1905 E Price ST, Paris, TX 75460
1905 E Price ST, Paris, TX 75460
1905 E Price ST, Paris, TX 75460
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$ 895,000
Est. payment | /mo

11,317 SqFt


$ 895,000
Est. payment | /mo

11,317 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 11,317 sqft

Price per Sqft $79

Subdivision City Of Paris

MLS Listing ID 21093623

HOA Y/N No

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

Community Sidewalks

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

Inclusions Building Only, Land & Improvements

Fireplace No

Exterior

Parking Features Attached Carport, Additional Parking, Circular Driveway, Carport, Driveway

Community Features Sidewalks

Utilities Available Cable Available, Electricity Available, Electricity Connected, Overhead Utilities, Sewer Available, Separate Meters, Water Available

Water Access Desc Public

Roof Type Composition

Street Surface Gravel

Accessibility ADA Compliant, Accessible Full Bath, Accessible Approach with Ramp

Road Frontage City Street

Private Pool No

Building

Lot Description Backs to Greenbelt/Park, Landscaped, Few Trees

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Others

Tax ID 22040

Security Features Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Nearby Locations

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1905 E Price ST

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