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    212 Clay St Mount Sterling, KY 40353

    Sponsored
    For Sale
    $364,500

    Charming 4-bed inn, updated & ready!

    Property size:
    2,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This meticulously maintained, 2,760 square foot historic home in Mount Sterling, Kentucky, presents a unique investment opportunity. Located at 212 Clay St, in Montgomery County (zip code 40353), this property sits on a 0.28-acre lot and offers a blend of historical charm and modern conveniences. The two-story home boasts original refinished hardwood floors throughout, energy-efficient replacement double-hung windows, and a spacious layout perfect for a bed and breakfast or similar hospitality use. Features include a large entry foyer, a welcoming living room, a sizable dining room, and a beautiful kitchen complete with granite countertops, a kitchen bar, ample pantry space, and all appliances. Four generously sized bedrooms are available (one conveniently located on the first floor), along with a bonus room offering versatile potential. Three full bathrooms cater to guests' needs. An unfinished basement provides substantial storage space. Exterior highlights include a side patio with decorative fencing and a covered front porch, overlooking a gorgeously landscaped lot. The asking price is $364,500, translating to $132.07 per square foot. This property is situated just 30 minutes east of Lexington, offering convenient access to major transportation routes and attractions. The home's character and charm, combined with its strategic location and numerous updates, make it an exceptional opportunity for a thriving hospitality business.

    Property Features for 212 Clay St

    General Information

    Property type
    Bed & breakfasts
    Square Feet
    2,760 SF
    Lot Size
    12,197 SF

    Building Details

    Buildings
    1

    HighLights

    • Historic home with numerous updates, ideal for a bed and breakfast conversion.
    • High ceilings and spacious rooms.
    • Prime location for tourism and hospitality.
    • Strong potential for high rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.947078
    Latitude
    38.0583184

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    FAQs

    What type of property is this?
    Bed & breakfast - Charming 4-bed inn, updated & ready!
    Where is this bed & breakfast located?
    The property is located at 212 Clay St Mount Sterling, KY.
    What is the asking price?
    The asking price for this property is $364,500.
    What are key features of this property?
    This property features: Historic home with numerous updates, ideal for a bed and breakfast conversion.; High ceilings and spacious rooms.; Prime location for tourism and hospitality.
    Request Owner's contact information
    212 Clay St Mount Sterling, KY 40353
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    212 Clay St Mount Sterling, KY 40353
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