1 Old Phelps Lane Morehead, KY ^$ 1,000,000

1 Old Phelps Lane

^$ 1,000,000

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Recently Listed

1 Old Phelps Lane

Morehead, KY, 40351

^$ 1,000,000

Studio Baths0.0

Monthly Estimate*

^$ 6,157

1 Old Phelps Lane, Morehead, KY 40351 - Image 1

1 Old Phelps Lane, Morehead, KY 40351 - Image 2

1 Old Phelps Lane, Morehead, KY 40351 - Image 3

1 Old Phelps Lane, Morehead, KY 40351 - Image 4

1 Old Phelps Lane, Morehead, KY 40351 - Image 5

1 Old Phelps Lane, Morehead, KY 40351 - Image 6

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1 Old Phelps Lane, Morehead, KY 40351 - Image 8

Studio

Lots and Land for sale in Morehead, KY

for $1,000,000. The lot size is 1.

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.

Lots and Land Active

Price

^$ 1,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Unimproved Land

Lot Size

Town/City

Morehead

County/Region

Rowan

MLS | Web ID

26007928

Features

General

Utilities Electricity Available Natural Gas Available Sewer Available Water Available

Zoning Other

Property Subtype Unimproved Land

Current Use Vacant

Parcel Number 012-00 00 040.01

County Rowan

New Construction N

Property Type Land

Subdivision Name Rural

Status Active

Directions KY 801 North to Old Phelps Lane Morehead KY

City Morehead

Zoning Description No zoning - recommended commercial

MLS Area 061 - Rowan County

Lot Size Units Acres

Lot Size Square Feet 43560.0

Land Lease Y/N N

MLS Area Minor 061 - Rowan County

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Senior Community None

Water Body Access Y/N None

Accessibility Features Y/N None

Exterior

Lot Size Area 1.0

Lot Size Acres 1.0

Number of Lots 4

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Total Baths 0

Internal Only

Street Number 1 1

* Excluded Features

List By

C Roger Lewis Agency

Broker

bigdrealty@yahoo.com

Affordability Calculator

$6,157

Per Month

Monthly Principal & Interest: $6,157
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Morehead, KY

Average List Price ^$361,375

Percent of Sale Price 64%

About Morehead, KY

7,341 Population

24% Since 2002

^$32,952 Median Income

25.14 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

458656 Elementary School

458772 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2026	$1,000,000		Listed Price

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1 Old Phelps Lane, Morehead, KY, 40351 is a Lots and Land for sale at $1,000,000 with a lot size of 1. 1 Old Phelps Lane is a studio with 0.0 baths. The property's zip code is 40351 which is in Morehead, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of Bluegrass REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Bluegrass REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 4/18/2026.

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1 Old Phelps Lane

Lots and Land for sale in Morehead, KY

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