Mixed-Use Property with Pay
New
For Sale
$1,300,000
213 KY-1232 Highway, Gray, KY 40734
Commercial Sale, Gray, KY
Property Size3,398 SF
Lot Size48.00 Acres
Price / SF$382.58
Days on Market5
Property Features for 213 KY-1232 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Rural
Directions
Travel from I-75 to Cumberland Gap Highway between Corbin and Barbourville, turn onto 1232 and property is on left. Address will get you there.
Standard status
Active
APN
055-00-00-007.00 055-00-00-007.01
Size
3,398 SF
Lot size
48.00 Acres
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Space Heater, Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Heat Pump, Multi Units
Amenities
pay lake
private ponds
meditation garden
hiking
hunting
wildlife watching
Building Details
Year built
1994
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Sallie Davidson, Realtors
(606) 877-3000
Listed By:
Debbie Williams · License #190012
(606) 682-3367
Added: Oct 3
Changed: Oct 7
Last Checked: Oct 7 at 5:06PM
MLS# 26027741
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Investment Insights
Based on property information with market context.
This 48-acre mixed-use property in Gray, Kentucky, combines a pay lake and two private ponds with five lodging units. The main concrete building contains two Airbnb apartments and additional space. Separate accommodations include a 450-square-foot farmhouse, a 160-square-foot tiny home, and a 120-square-foot dry camp with a 40-square-foot loft. A bait shop and eatery space are also on site, along with an owner’s residence offering three bedrooms and two baths.
Approximately 30 acres are wooded. The property includes water availability and a septic system, with natural gas and forced-air, space-heater, and heat-pump heating systems. Cooling is provided by multiple units and a heat pump. The property is located at 213 KY-1232 Highway in Gray.
Approximately 30 acres are wooded. The property includes water availability and a septic system, with natural gas and forced-air, space-heater, and heat-pump heating systems. Cooling is provided by multiple units and a heat pump. The property is located at 213 KY-1232 Highway in Gray.
Key Highlights
- 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
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five lodging units, fishing amenities, retail and eatery space, and an on-site residence bring varied uses together.
Where is this mixed-use property located?
The property is located at 213 KY-1232 Highway 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‑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
