Paris, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Paris, Kentucky, offers a compelling opportunity for commercial real estate investment. As a city with a population of approximately 10,000, it is strategically located within the Lexington-Fayette Metropolitan Statistical Area. Known for its robust agricultural economy and burgeoning manufacturing sector, Paris is uniquely positioned to support diverse commercial real estate demands. The city's proximity to Lexington and access to major transportation networks make it an attractive location for commercial endeavors.

Economic and Industry Overview

Paris is a thriving hub for industries such as agriculture, manufacturing, and logistics. The city has a strong equine industry presence, contributing to the demand for specialized facilities. Additionally, the manufacturing sector drives the need for industrial spaces, while logistics and distribution benefit from the city's strategic location. The Bluegrass Area Development District supports regional economic initiatives, fostering growth and investment in Paris.

Strategic Location and Transportation Infrastructure

Paris benefits from excellent transportation infrastructure, including:

• Highways: Located near Interstate 64 and U.S. Route 68, providing easy access to Lexington and beyond.
• Airports: Proximity to the Blue Grass Airport in Lexington offers convenient air travel options.
• Rail: Served by the Norfolk Southern Railway, facilitating efficient freight transport.

These logistical advantages make Paris an ideal location for distribution centers and businesses reliant on efficient transportation networks.

Commercial Real Estate Inventory & Zoning

Paris features diverse commercial real estate submarkets:

• Central Business District (CBD): Offers retail and office spaces, with ongoing revitalization efforts.
• Industrial Corridors: Located near major highways, these areas are suited for manufacturing and distribution facilities.
• Mixed-Use and Retail: Opportunities for development in growing residential areas.

The city supports development with favorable zoning laws and incentives. For detailed zoning information, visit the City of Paris Zoning Maps.

Major Employers and Institutions

Top employers and institutions driving CRE demand in Paris include:

• Claiborne Farm: A leading name in the equine industry.
• BCTC Winchester-Clark County Campus: Providing educational opportunities and skilled labor.
• Paris Independent Schools: A major employer and community partner.

These entities contribute to the need for office spaces, educational facilities, and specialized commercial properties. Visit the Bourbon County Economic Development Authority for more information.

Notable Commercial Developments & Projects

Paris is home to several significant developments:

• Paris-Bourbon County Economic Development Park: A mixed-use development supporting industrial and commercial growth.
• Opportunity Zones: Areas designated for tax incentives, encouraging investment in underdeveloped sectors.

For more information on these initiatives, explore the City of Paris Planning and Zoning.

Building Permits, Planning, and Development Tools

Access essential development resources:

• City of Paris Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Leverage public data for informed decision-making:

• US Census Data
• City's Open Data Portal

Brevitas uses AI-powered aggregation to provide insights from public data and internal analytics. Explore our Brevitas-powered dashboards for more information.

Why Use Brevitas for Paris, Kentucky CRE?

Brevitas offers unparalleled tools for commercial real estate professionals:

• AI-Driven CRE Discovery: Access real-time market alerts and smart property pages.
• Dealroom Collaboration: Streamline transactions with integrated communication tools.
• Exclusive Listings and Premium Exposure: Enhance visibility with auto-generated listing pages and email marketing tools.

Partner with Brevitas to unlock the full potential of Paris, Kentucky's commercial real estate market. Explore our platform for more insights and opportunities.