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Gray, KY

Gray, KY Commercial Real Estate for Sale

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Corbin, KY Lily, KY Woodbine, KY London, KY Barbourville, KY Heidrick, KY Williamsburg, KY Girdler, KY

6 properties

Mixed-Use Property with Pay Lake

Updated: Oct 3

Mixed-Use Property with Pay Lake

213 KY-1232 Highway, Gray, KY 40734

$1,300,000

3,398 sqft 48.00 AC lot

48‑acre property with a pay lake and two private ponds
Five Airbnb lodging units across the main building and separate structures
Main building has two Airbnb apartments and additional space
Bait shop and eatery space on site
Owner’s residence has 3 bedrooms and 2 baths

Mixed-Use Pay Lake Property

Updated: Oct 3

Mixed-Use Pay Lake Property

213 KY-1232 Highway, Gray, KY 40734

$1,300,000

3,398 sqft 48.00 AC lot

48 acres with three ponds, including one pay lake
Five short‑term rental units
Bait shop/store and eatery space on the property
Owner’s residence with 3 bedrooms and 2 bathrooms
30+/- wooded acres

Agricultural Land with Creek

Agricultural Land with Creek

State Hwy 233, Gray, KY 40734

$80,000

4.33 AC lot

Mostly cleared acreage offers varied terrain, a creek, and access for roads and utilities.

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Specialty Commercial Building

Specialty Commercial Building

1111 Ky 1232, Gray, KY 40734

$359,900

3,200 sqft

Block commercial building built in 2006 with concrete floors, 200-amp electrical service, and parking for 15–17 vehicles.

Prime Commercial/Residential Land on US-25E

Prime Commercial/Residential Land on US-25E

999 E 25 Highway, Gray, KY 40734

$139,900

2.77 AC lot

2.77-acre lot on US-25E, ideal for business or development.

Wooded Commercial Land

Wooded Commercial Land

9999 US 25-E, Gray, KY 40734

$236,750

9.47 AC lot

A wooded tract along US 25E has water available and may be cleared for commercial use.

Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 6 Active listings in Gray, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 22 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Fenced Mixed-Use Property

Fenced Mixed-Use Property

71 State Highway 3041 (Corbin Bypass), Corbin, KY 40701

$899,000

1,400 sqft 2.36 AC lot

Four enclosed structures provide a multi-building commercial configuration with roadside access.

Commercial Land Parcel

Commercial Land Parcel

Cumberland Gap Pkwy lot: 8, Corbin, KY 40701

$750,000

1.50 AC lot

Commercial land parcel with water available and a retail park setting.

Knox County Commercial Land

Knox County Commercial Land

101 Hampton Cemetary Road, Girdler, KY 40943

Contact for pricing

11.00 AC lot

Commercial property for sale in Knox County, Kentucky.

Surveyed Commercial Land

Surveyed Commercial Land

101 Hampton Cemetary Road, Girdler, KY 40943

$150,000

11.00 AC lot

This commercial tract is surveyed and located in Knox County, Kentucky.

Off-Market Properties in Gray, KY

Consider similar Off-Market properties in Gray, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1557 Ky 233

COMMERCIAL (GENERAL)

1557 Ky 233, Gray, KY 40734-6853

Estimated value:

$50,000

2,224 sqft 0.84 AC lot

10837 Us Hwy 25e

SERVICE STATION (FULL SERVICE)

10837 Us Hwy 25e, Gray, KY 40734-6529

Estimated value:

$1,145,000

2.07 AC lot

Bailey Switch New Us 25e

WHOLESALE OUTLET, DISCOUNT STORE

Bailey Switch New Us 25e, Gray, KY 40734

Estimated value: by Request

4,800 sqft 5.30 AC lot

9137 Us Hwy 25e

COMMERCIAL (GENERAL)

9137 Us Hwy 25e, Gray, KY 40734-6791

Estimated value:

$235,000

1.30 AC lot

11718 Us Hwy 25e

COMMERCIAL (GENERAL)

11718 Us Hwy 25e, Gray, KY 40734-6795

Estimated value:

$330,000

5.00 AC lot

Gray Old Us 25th Rossland

APARTMENT HOUSE (5+ UNITS)

Gray Old Us 25th Rossland, Gray, KY 40734

Estimated value: by Request

0.75 AC lot

10755 Us Hwy 25e

OFFICE BUILDING (MULTI-STORY)

10755 Us Hwy 25e, Gray, KY 40734-6529

Estimated value:

$280,000

7,000 sqft 6.35 AC lot

11770 Us Hwy 25e

SERVICE STATION WITH FOOD MART

11770 Us Hwy 25e, Gray, KY 40734-6795

Estimated value: by Request

6,250 sqft 1.00 AC lot

28 Superior Ln

WHOLESALE OUTLET, DISCOUNT STORE

28 Superior Ln, Gray, KY 40734-6686

Estimated value:

$415,000

10,200 sqft 4.41 AC lot

9681 Us Hwy 25e

SERVICE STATION WITH FOOD MART

9681 Us Hwy 25e, Gray, KY 40734-6528

Estimated value:

$95,000

1,600 sqft 5.22 AC lot

9999 Us

Commercial real estate

9999 Us, Gray, KY 40734

Estimated value: by Request

9.47 AC lot

10135 Us Hwy 25e

CONVENIENCE STORE

10135 Us Hwy 25e, Gray, KY 40734-7032

Estimated value: by Request

4,896 sqft 2.10 AC lot

10437 Us Hwy 25e

COMMERCIAL (GENERAL)

10437 Us Hwy 25e, Gray, KY 40734-6529

Estimated value: by Request

4,608 sqft 1.10 AC lot

4789 Ky 1232

SERVICE STATION (FULL SERVICE)

4789 Ky 1232, Gray, KY 40734-6830

Estimated value: by Request

0.37 AC lot

6423 Ky 1232

SERVICE SHOP (TV, ELECTRIC, PLUMBING)

6423 Ky 1232, Gray, KY 40734-7075

Estimated value:

$420,000

6.00 AC lot

5721 Ky 1232

MINI-WAREHOUSE, STORAGE

5721 Ky 1232, Gray, KY 40734-6834

Estimated value: by Request

2,450 sqft 1.10 AC lot

Gray Rossland Rd

MANUFACTURING (LIGHT)

Gray Rossland Rd, Gray, KY 40734

Estimated value: by Request

0.01 AC lot

Gray Rossland Rd

OFFICE BUILDING (MULTI-STORY)

Gray Rossland Rd, Gray, KY 40734

Estimated value:

$1,005,000

3,440 sqft 156.50 AC lot

Gray, KY Commercial Real Estate Market Trends and Statistics

Explore 28 commercial real estate for sale in Gray, KY, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 9,996 square feet of properties for sale, with an estimated market value of $3,416,550.

Sale prices for business properties in Gray, KY start at $80,000, averaging $569,425, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 3,633

Population Growth (5Y) -10.4%

Median Household Income $40,270

College Educated 9.5%

High-Yield Neighborhoods for Investment

Identify Gray submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
40734	$269.1K

Taxes & Financing

Tax Rate (average for all types) 1.09%

Property Tax per SF $45.21 per SF

Tax Rate vs County Average 0.19 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Knox County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale Office pricing trends in Knox County

Office

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