UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision City Of Paris
MLS Listing ID 20927026
Total Fin. Sqft 2340
Year Built 1998
Annual Tax Amount $3,849
Lot Size 7,361 Sqft
Acres 0.169
Lot Dimensions 52x139
Property Sub-Type Retail
Property Description
Property Highlights:
• 100% occupied with two established tenants
• Front retail space leased to long-term franchise tenant Papa Murphy's
• Warehouse space leased by Main Trading Company, a known local business
• Situated on a high-traffic thoroughfare with excellent street frontage and accessibility
This turnkey investment offers stable cash flow and minimal management, making it ideal for both seasoned and new investors seeking a strategic asset in a thriving location. Papa Murphys franchise owners throughout the years have been leasing this space almost 15 years, with current franchise owners leasing since 2021. Main Trading Company has been leasing the warehouse for 10 years.
Location
State TX
County Lamar
Zoning Retail
Direction Corner of Lamar Avenue and 27th Street NE across from CEFCO
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric
Flooring Ceramic Tile, Other
Heat Source Central, Electric, Heat Pump
Exterior
Utilities Available All Weather Road, Alley, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Water Meter, Phone Available, Sidewalk
Roof Type Metal
Garage No
Building
Lot Description Acreage, Corner Lot
Foundation Slab
Structure Type Brick,Steel Siding
Others
Ownership Ron and Doreen Ruthart
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Survey Available, Utility Easement
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20927026
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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.