UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision City Of Paris
MLS Listing ID 20911720
HOA Y/N None
Annual Tax Amount $2,620
Lot Size 37.490 Acres
Acres 37.49
Property Sub-Type Unimproved Land
Property Description
With existing 8-inch water and sewer main lines already in place, this opportunity ensures a reliable supply of essential services for future development. Additionally, the property is located within an Opportunity Zone, offering significant tax incentives to investors. This unique designation allows developers to take advantage of federal tax breaks, including tax deferrals and potential tax exclusions on capital gains from new investments.
Paris is experiencing rapid growth in its community, largely due to its strategic location, just a short drive from the Dallas-Fort Worth Metroplex (DFW). The property's proximity to DFW offers outstanding connectivity to major highways and transportation routes, making it a prime location for commercial enterprises, distribution centers, and retail developments.
The Paris Economic Development Corporation (PEDC) is committed to supporting new businesses and developers through incentives and resources. This makes the property even more appealing, as the city offers a supportive environment for growth.
This 37-acre commercial development property in Paris, Texas offers a rare opportunity for developers to capitalize on the region's growth. The ability to rezone and take advantage of Opportunity Zone incentives makes it an ideal investment for those seeking to maximize returns in a growing market. Don't miss out on this exceptional chance to build in one of Northeast Texas' most promising areas.
Location
State TX
County Lamar
Zoning SFR
Direction If coming from the east, along HWY 82, turn right onto Loop 286 and the property will be on your left about half a mile down.
Exterior
Utilities Available Other
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Justiss
High Schools Paris
School District Paris Isd
Others
Restrictions No Restrictions
Ownership See Tax Records
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20911720
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.