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    Churches & religious facilities

    120 Mount Sterling Rd, Paris, KY 40357

    2,046 SF 0.84 ac lot Built 1992
    Property ID
    US34-1231183
    Property summary
    AI-generated overview

    This exceptional 2,046 square foot property, located at 120 Mt. Sterling Rd in Paris, Kentucky, presents a unique investment opportunity. Built in 1992, this single-story building currently operates as a church, but its zoning allows for diverse possibilities. The asking price is $375,000. The property sits on a 0.84-acre lot, which includes a 0.22-acre lot with the existing building and a separate 0.29-acre wooded lot. The property's APN is 062-10-09-021.00. Situated in Bourbon County, Kentucky, with a zip code of 40367, this location offers convenient access to local amenities and transportation. The building's current use as a church provides a solid foundation, but its adaptability makes it suitable for a variety of future uses, subject to necessary planning and zoning approvals. This could include, but is not limited to, conversion into residential housing or continued use as a religious facility. The substantial lot size offers ample space for expansion or additional development. This property is an excellent choice for investors seeking a versatile asset with significant potential for growth and return. The property's single-story design and existing infrastructure offer a cost-effective starting point for any redevelopment plans. Serious inquiries are encouraged to explore the full potential of this unique property.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1992
    Total area 2,046 SF
    Lot 0.84 ac (36,590 SF)
    APN 062-10-09-021.00
    UPID US34-1231183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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