About 1905 E Price Street
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.
Features of 1905 E Price Street
| MLS® # | 21093623 |
|---|---|
| Price | $895,000 |
| Bathrooms | 0.00 |
| Acres | 1.07 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Hotel/Motel |
| Status | Active |
Community Information
| Address | 1905 E Price Street |
|---|---|
| Subdivision | City Of Paris |
| City | Paris |
| County | Lamar |
| State | TX |
| Zip Code | 75460 |
Amenities
| Utilities | Cable Available, City Sewer, City Water, Electricity Connected, Individual Water Meter, Overhead Utilities, Sidewalk, Co-op Electric, Gravel/Rock |
|---|---|
| Garages | Carport, Driveway, Additional Parking, Attached Carport, Circular Driveway |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Features | Few Trees, Landscaped, Adjacent to Greenbelt |
|---|---|
| Roof | Composition |
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Flooring | Luxury Vinyl Plank |
|---|---|
| Special Notes. | Aerial Photo |
| Net Income | $136,000 |
| Building Sqft | 11,317 |
| # Units | 12 |
| Building Use | Hotel/Motel, Medical, Office, Other, Schools |
| Commercial Features | Hotel/Motel, Medical, Office, Other, Schools |
| Zoning | Residential Multi-Family |
Listing Details
| Agent | Shannon Miles |
|---|---|
| Office | EXP REALTY |
| Contact Info | 469-588-8395 |