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Resort Property with Pay Lake
For Sale
$1,300,000

213 Ky 1232, Gray, KY 40734

Five guest units, a bait shop, and eatery space complement the property's fishing and lodging components.

Property Size3,398 SF
Lot Size48.00 Acres
Price / SF$382.58
Days on Market14

Property Features for 213 Ky 1232

General Information

Standard status Active
Size 3,398 SF
Lot size 48.00 Acres
Property subtype Business Opportunity

Financials

Asking Price $1,300,000
Business Included Yes

Additional Details

Road Access Yes
Land Use recreational, hospitality, commercial, residential

Amenities

ponds
air b&b units
bait shop/store
eatery
owner's home
hiking
hunting
Listing Agency: Sallie Davidson, Realtors
Listed By: Debbie Williams · License #190012
Source: Exprealty
Added: Oct 3 Changed: Oct 15 Last Checked: Oct 16 at 2:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sallie Davidson, Realtors

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 48-acre hospitality and recreation property includes five short-term rental units, one pay lake, and two private ponds. A bait shop and store, along with space for an eatery, add commercial components. The property also has an owner's residence with three bedrooms and two bathrooms; its reported square footage is not included because the listing gives conflicting figures.

About 30 acres are wooded, providing a natural setting for outdoor recreation. The combination of lodging, fishing amenities, and wooded acreage forms the property's core configuration.

Key Highlights

  • 48 acres, including approximately 30 wooded acres
  • One pay lake and two private ponds
  • Five short‑term rental units

Property Analytics

Current Use

Resorts

Suggested Use

Top Pick Electrical Service Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

Demographics for 40734, KY

3,877
Population
1,712
Households
2.3
Avg Household Size
41
Median Age
8%
College-Educated
76%
High-School Grad
45.4 sq mi
ZIP Area
85
Density / Sq Mi
$40,270
Median Household Income
$21,506
Median Earnings
$674
Median Rent
$112,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Resort - Five guest units, a bait shop, and eatery space complement the property's fishing and lodging components.
Where is this resort located?
The property is located at 213 Ky 1232 Gray, KY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 48 acres, including approximately 30 wooded acres; One pay lake and two private ponds; Five short‑term rental units
More about this property
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