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3205 NE Loop 286, Paris, TX 75460

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Building Details:

• Year Built: 2007

3205 NE Loop 286 is an office property located in Paris, TX. The property currently has 1 office space for lease and is marketed by .

Paris is a suburban town in Northeast of McKinney Texas. About 1 hour North of McKinney/Allen and 45 minutes from Prosper, Paris is one of the fastest growing town. Paris Texas just had the US largest Solar Plant installed in City which has increased incoming traffic significantly. Paris is apart of and the county seat of Lamar County. Paris is located between Dallas and Texarkana.

The location of the hotel is ideal since it is conveniently located off Highway 82 with excellent highway visibility. Being off the loop make is easy to access all parts of Paris. It is also located closely to the industry and retail area of Paris.

Paris is most known for having a replica of the Eiffel Tower since it was named after the capital of France. Many travelers looking for a weekend getaway or passing through the area stop to see the replicated tower. Some of the other local attractions nearby is the historical downtown square, the Culbertson Fountain, the Lamar County Historical Museum, the Trail De Paris, and the Sam Bell Maxey House State Historic Site.

Available Spaces

Suite	Space Type	Pricing	Size
---	Office Space	For sale: Contact for Pricing
The La Quinta Inn and Suites in Paris, Texas is exclusively listed with Tabani Realty. The La Quinta opened in 2007 and was most recently remodeled in 2018. There are 71 guestrooms with an overall living space of 50,472 square feet. The rooms are spread across 4 floors with interior corridors. The hotel sits on 2.435 acres of land that is also included in the sale of the hotel. The property is offered at an attractive current cap rate (2020) of 10% and a cash on cash return of 23.34%. The revenue in 2021 has already exceeded its revenue in 1Q2020 by almost 75%. The revenue in 1Q2020 was $296,000 and 1Q2021 is $529,000. The cap rates and return in 2021 will be much higher than what they were in 2020. The La Quinta has many amenities for their guests. There is an outdoor pool, fitness center, business center, meeting room, a sundry, and self-service guest laundry. There is also free parking, bus/truck parking, free Wi-Fi, and free breakfast. The hotel is also pet-friendly and non-smoking. Overall, the hotel has great guest reviews across all booking platforms. In 2020, the property was awarded the Travelers' Choice Award from TripAdvisor. That means the hotel consistently earned great guest reviews from travelers and ranked within the top 10% of properties on TripAdvisor. This award is formerly known as the Certificate of Excellence Award. « show less The La Quinta Inn and Suites in Paris, Texas is exclusively listed with Tabani Realty. The La Quinta opened in 2007 and was most recently remodeled... show more » View Details The La Quinta Inn and Suites in Paris, Texas is exclusively listed with Tabani Realty. The La Quinta opened in 2007 and was most recently remodeled in 2018. There are 71 guestrooms with an overall living space of 50,472 square feet. The rooms are spread across 4 floors with interior corridors. The hotel sits on 2.435 acres of land that is also included in the sale of the hotel. The property is offered at an attractive current cap rate (2020) of 10% and a cash on cash return of 23.34%. The revenue in 2021 has already exceeded its revenue in 1Q2020 by almost 75%. The revenue in 1Q2020 was $296,000 and 1Q2021 is $529,000. The cap rates and return in 2021 will be much higher than what they were in 2020. The La Quinta has many amenities for their guests. There is an outdoor pool, fitness center, business center, meeting room, a sundry, and self-service guest laundry. There is also free parking, bus/truck parking, free Wi-Fi, and free breakfast. The hotel is also pet-friendly and non-smoking. Overall, the hotel has great guest reviews across all booking platforms. In 2020, the property was awarded the Travelers' Choice Award from TripAdvisor. That means the hotel consistently earned great guest reviews from travelers and ranked within the top 10% of properties on TripAdvisor. This award is formerly known as the Certificate of Excellence Award. Pricing: Contact for Pricing Availability: Now Listing ID: 3161856 Save to list

Office Space

For sale: Contact for Pricing

The La Quinta Inn and Suites in Paris, Texas is exclusively listed with Tabani Realty. The La Quinta opened in 2007 and was most recently remodeled... show more »

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3205 NE Loop 286, Paris, TX 75460

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