
Land with Home for Sale in Clay City, Kentucky
35 El Way, Clay City, KY 40312
Fantastic opportunity to acquire a substantial investment property in one of Kentucky's most sought-after tourism markets. This offering combines three active rental properties with five additional unrestricted lots, creating immediate income potential with significant room for future expansion. Each of the three existing properties features 3 bedrooms and 2 full baths, along with generous parking to accommodate guests with ease. The five additional lots offer the opportunity to continue building, expand the rental portfolio, or create a larger destination-style development-all without restrictive covenants limiting your vision. Ideally positioned with easy access to Natural Bridge State Resort Park and the Red River Gorge, and approximately 9 miles from Kentucky Dragway, the property benefits from proximity to some of the region's most popular outdoor recreation and entertainment destinations. Three established rentals. Five additional unrestricted lots. Multiple opportunities for continued growth. Whether you're looking to expand an existing investment portfolio or establish a larger presence in the Red River Gorge market, this is a property built around possibility.
Location
- Street address
- 35 El Way
- County
- Powell County
- Zip code
- 40312
- School district
- Powell County -19
- Elevation
- 718 feet
Directions
Take I-64 East toward Winchester. Take Exit 98 onto Mountain Parkway East toward Campton. Continue approximately 18 miles and take Exit 18 toward KY-1057. Turn right onto KY-1057/Hardwicks Creek Road toward Furnace. Continue approximately 6.3 miles, then turn left onto El Way. Houses are on the left
Property details
- Acreage
- 3.38 acres
- MLS #
- LBAR 26024297
- Posted
Parcels
- 022-00-00-004.33
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Features
- Few Trees
Exterior
- Features
- Fire Pit, Outdoor Grill
Structure
- Style
- Contemporary
- Stories
- 1
- Basement
- Crawl Space
- Water
- Public
- Sewer
- Septic Tank
- Heating
- Electric, Heat Pump
- Cooling
- Ceiling Fan(s), Central Air
- Materials
- Vinyl Siding
- Roof
- Shingle
- Windows
- Insulated Windows, Screens
Interior
- Room Count
- 2
- Rooms
- Bathroom x 6, Bedroom x 9, Laundry Room
- Flooring
- Laminate
- Appliances
- Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Features
- Ceiling Fan(s), Eat-In Kitchen, Primary First Floor, Walk-In Closet(s)
Nearby schools
| Name | Type | District |
|---|---|---|
| Bowen | Elementary | Powell County -19 |
| Powell Co | Middle | Powell County -19 |
| Powell Co | High | Powell County -19 |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 4, 2026 | New listing | $1,200,000 | — | LBAR |
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