120 Mount Sterling Rd, Paris, KY 40357
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.