1 Old Phelps Lane, Morehead, KY 40351

$1,000,000
Property Type: Land Lot Size (sq. ft.): 43,560 Status: Active
Current Price: $1,000,000 List Date: 4/15/2026 Last Modified: 4/15/2026

Overview

Description

Some of the last Acreage Available next to I-64 with 550' total frontage on KY 801 North. Price is for 1 Acre Lots - There are 3 Lots Available at $1,000,000.00 per lot. Acreage has been filled and has good access off Old Phelps Lane. Ideal for Restaurant, Hotel and Many other Commercial Uses.

Listing Details MLS# 26007928

Listing Information

Comp Sale YN
No
Property Sub Type
Unimproved Land

Status Change Information

Status Change Timestamp
2026-04-15

Address

County
Rowan
Street Number
Yes
Street Name
Old Phelps
Street Suffix
Lane
State
KY
Zip Code
40351
Directions
KY 801 North to Old Phelps Lane, Morehead, KY
Parcel Number
012-00 00 040.01

Contract

Original List Price
1000000
Start Showing Date
2026-04-15
Listing Contract Date
2026-04-15
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
1000000
List Price/SqFt
22.96

Tax Legal

MLS Area Major
061 - Rowan County
Subdivision Name
Rural

Lot

Number Of Lots
4
Lot Size Acres
Yes
Lot Size Square Feet
43560
Conservation Easement YN
No
Elevation Units
Feet

More Information

Remarks

Public Remarks
Some of the last Acreage Available next to I-64 with 550' total frontage on KY 801 North. Price is for 1 Acre Lots - There are 3 Lots Available at $1,000,000.00 per lot. Acreage has been filled and has good access off Old Phelps Lane. Ideal for Restaurant, Hotel and Many other Commercial Uses.

Property Details

Electricity Location
At County Road
Sewer Location
At County Road
Water Location
At County Road

Showing Information

Showing Instructions
Show Anytime

Tax & Legal

Zoning
Other
Zoning Description
No zoning - recommended commercial

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Listing Terms

Conventional
Yes

Current Use

Vacant
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Current Use: Vacant Listing Terms: Conventional Showing Requirements: Call Listing Agent
Listing Office: C Roger Lewis Agency
Last Updated: April - 15 - 2026
Information deemed reliable but not guaranteed.