# 1 Old Phelps Lane, Morehead, KY 40351

> **TL;DR:** land, $1,000,000. Est. $4,333/mo. Listed 47 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,000,000 |
| Lot Size | 43,560 sqft (1.00 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 47 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,333 |
| **Total** | **$4,333** |

## Property Highlights

- 1.00 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1 Old Phelps Lane, Morehead, KY 40351
- **County:** Rowan
- **Neighborhood:** Rural
- **Coordinates:** 38.187122, -83.555858
- **Google Maps:** https://www.google.com/maps?q=38.187122,-83.555858

## Listing Agent

- **Name:** Damon M Ballinger
- **Brokerage:** C Roger Lewis Agency
- **Phone:** 6067844168
- **Email:** bigdrealty@yahoo.com

## Primary Photo

![1 Old Phelps Lane - Primary Photo](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f2706205483r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/1-old-phelps-lane-morehead-ky-40351-26007928)*

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**MLS#:** 26007928 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1-old-phelps-lane-morehead-ky-40351-26007928)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "1 Old Phelps Lane, Morehead, KY 40351",
  "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.",
  "url": "https://www.propertysimple.com/listing/1-old-phelps-lane-morehead-ky-40351-26007928",
  "image": "http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f2706205483r.jpg",
  "datePosted": "2026-06-17",
  "price": 1000000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "1 Old Phelps Lane",
    "addressLocality": "Morehead",
    "addressRegion": "KY",
    "postalCode": "40351",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 38.187122,
    "longitude": -83.555858
  },
  "yearBuilt": null
}
```