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OFF-MARKET
Specialty properties

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 Specialty properties
Year built 1992
Total area 2,046 SF
Lot 0.84 ac (36,590 SF)
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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