About 2705 Lamar Avenue
Excellent opportunity to invest in a fully leased, income-producing retail property located on a corner lot on bustling Lamar Avenue, one of Paris’ primary commercial corridors. This high-visibility location sits at the crossroads of the city’s residential and commercial zones, ensuring consistent traffic and strong tenant appeal. 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.
Features of 2705 Lamar Avenue
| MLS® # | 20927026 |
|---|---|
| Price | $369,000 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1998 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 2705 Lamar Avenue |
|---|---|
| Subdivision | City Of Paris |
| City | Paris |
| County | Lamar |
| State | TX |
| Zip Code | 75460 |
Amenities
| Utilities | All Weather Road, Alley, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Water Meter, Phone Available, Sidewalk |
|---|---|
| Garages | Alley Access, Garage Faces Rear, 2-Car Single Doors, On Site, Parking Lot, Paved, Shared Driveway |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Central, Electric, Heat Pump |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Features | Acreage, Corner Lot |
|---|---|
| Roof | Metal |
| Construction | Brick, Steel Siding |
| Foundation | Slab |
Additional Information
| Flooring | Ceramic Tile, Other |
|---|---|
| Special Notes. | Survey Available, Utility Easement |
| Net Income | $17,435 |
| Building Sqft | 2,340 |
| # Units | 2 |
| Building Use | Retail, Storage Warehouse |
| Commercial Features | Retail, Storage Warehouse |
| Zoning | Retail |
Listing Details
| Agent | Kristina House |
|---|---|
| Office | Landmark Real Estate Group |