1 Old Phelps Lane, Morehead, KY 40351 (MLS# 26007928)

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.