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Debbie Williams
Residential Real Estate Specialist
REALTOR®, CRS GRI ABR CNHS e-PRO
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213 Ky-1232 Highway, Gray, KY 40734

$1,300,000
  • 213 Ky-1232 Highway, Gray, KY 40734 Main Photo

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Featured Listing New to the Market Active
SQUARE FEET4,118 MLS#26027649
STATUS PROPERTY TYPECommercial - Business SUBDIVISIONRural

Property Description

SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,200 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48à??± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1358 SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30à??± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment!

213 Ky-1232 Highway | MLS# 26027649

This commercial property located at 213 Ky-1232 Highway, Gray, KY 40734 is currently listed for sale by Sallie Davidson, Realtors, with an asking price of $1,300,000. Search Gray real estate on dwilliams.salliedavidson.com today.

Property Features

Property Type: Commercial - Business
Cooling: Heat Pump, Multi Units
Fuel Type: Gas
Heating: Forced Air, Heat Pump, Natural Gas, Space Heater
Lot Size: 48.00 Acres
Year Built: 1994

Feature Descriptions

Business Type: Food & Beverage, Hotel/Motel, Mixed, Recreation, Restaurant
Days on Site: 2
Lot Dimensions: 48 acre(s)
Parcel #: 055-00-00-007.00 055-00-00-007.01
Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available

Listed By / Shown By

agent picture

Listed and Shown By

Agency Name: Sallie Davidson, Realtors
Agent Name: Debbie Williams
Agent Phone: (606) 682-3367

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/09/2026. The listing information on this page last changed on 10/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/09/2026 12:29:52 AM EST) or Imagine MLS (last updated Thu 10/08/2026 11:15:33 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: SALLIE DAVIDSON REALTORS, KENTUCKY


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