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1052 Mineral Wells Ave 2,250 SF Retail Building Paris, TN 38242 $793,500 ($352.67/SF)
Executive Summary
Great commercial investment opportunity! DBA Valvoline Instant Oil Change. The property is being offered for sale subject to the current lease and tenants rights. There is a remainder of 14 years on the current triple net lease. The current gross annual income is $39,684.00. Annual rents increase every 5 years at a rate of 5% for the remainder of the lease term.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,250 SF
Building Class
B
Year Built
2003
Price
$793,500
Price Per SF
$352.67
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.51 AC
Zoning
B1 - Business District
Frontage
107’ on Mineral Wells Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 106J-B-020.00 | Improvements Assessment | $87,280 |
| Land Assessment | $52,920 | Total Assessment | $140,200 |
Property Taxes
Parcel Number
106J-B-020.00
Land Assessment
$52,920
Improvements Assessment
$87,280
Total Assessment
$140,200
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1052 Mineral Wells Ave
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