Former Country Club Event
38 E Main Street Paris, KY 40361
38 E Main Street, Paris, KY, 40361
$3,100,000
Pending
For Sale
$3,100,000
Pending
COMMERCIAL - Paris, KY
Property Size12,000 SF
Lot Size47.00 Acres
Days on Market109
Property Features for 38 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Open
- Basement
- Interior Entry, Full, Walk-Out Access, Exterior Entry
- Standard status
- Pending
- APN
- 036-10-11-001,00 Old Stoner Creek Golf and Co Club
- Size
- 12,000 SF
- Lot size
- 47.00 Acres
Utilities
- Sewer type
- Septic Tank, Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Cooling system
- Electric, Gas (Cooling), Multi Units, Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Metal
Listing Agency
Oak & Acre
(859) 988-2036
206 A Winchester St, Paris, KY
Listed by
Charles Nichols · License #195655
(859) 707-7988
Added: Apr 1 Checked: Jul 18 at 3:06 am
MLS# 26006662
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property includes the former Stoner Creek Country Club and Golf Course, offering 47 acres for redevelopment, preservation, or a new concept. Improvements include a large building with a dining room, ballroom, and bar, and the property is being sold as-is.
Located in-town at 38 E Main Street in Paris, Kentucky, the grounds are directly on the banks of historic Stoner Creek.
With its combination of acreage and an event-oriented building, the site provides flexibility for buyers looking to reimagine a longtime local use.
Located in-town at 38 E Main Street in Paris, Kentucky, the grounds are directly on the banks of historic Stoner Creek.
With its combination of acreage and an event-oriented building, the site provides flexibility for buyers looking to reimagine a longtime local use.
Key Highlights
- 47‑acre former Stoner Creek Country Club and golf course directly on the banks of historic Stoner Creek
- Includes a large building with dining room, ballroom, and bar
- Sold as‑is, with flexibility for development, preservation, or a new vision
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.3k | $16.44 |
| − Vacancy | −$11.0k | −$0.92 |
| EGI | $186.2k | $15.52 |
| − OpEx | −$46.6k | −$3.88 |
| NOI | $139.7k | $11.64 |
12,000 SF · lease $16.44/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,674 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,890 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Recreation land
Similar For Sale Nearby
FAQs
What type of property is this?
Recreation land - Former Stoner Creek Country Club property offers 47 acres and a large building with dining room, ballroom, and bar.
Where is this recreation land located?
The property is located at 38 E Main Street Paris, KY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 47‑acre former Stoner Creek Country Club and golf course directly on the banks of historic Stoner Creek; Includes a large building with dining room, ballroom, and bar; Sold as‑is, with flexibility for development, preservation, or a new vision
